KPS Capital’s Acquisition of Siderforgerossi Group

Paul, Weiss advised KPS Capital Partners on the deal.

KPS Capital Partners, LP executed its acquisition of Siderforgerossi Group, S.p.A., a global manufacturer of large diameter forged products. Upon completion of the transaction Siderforgerossi will become the fifth acquisition completed by KPS Special Situations Mid-Cap Fund and KPS’ second Mid-Cap Fund acquisition in Italy in 2021. Financial terms of the transaction were not disclosed.

KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $12.8 billion of assets under management (as of March 31, 2021).  

Siderforgerossi is a leading, vertically integrated manufacturer of rolled and forged products with capabilities across the manufacturing spectrum, including ring-rolled, open die and closed die forging capabilities.  The Company is specialized in large diameter forged products and primarily serves the Wind Power, Oil & Gas, Earth Moving, Automotive, Conventional & Nuclear Power Generation and Aerospace end-markets across Europe and India. 

The Paul, Weiss team included corporate partners Alvaro Membrillera (Picture), David Carmona and Angelo Bonvino; litigation partner Aidan Synnott; and antitrust counsel Marta Kelly.

Involved fees earner: Stefano Bucci – Gianni & Origoni; Matteo Gotti – Gianni & Origoni; Antonio Lirosi – Gianni & Origoni; Alessandro Magnifico – Gianni & Origoni; Chiara Mazzuca Mari – Gianni & Origoni; Carmine Pepe – Gianni & Origoni; Francesca Staffieri – Gianni & Origoni; Aldo Turella – Gianni & Origoni; Simone De Carli – NCTM; Francesco Mazzocchi – NCTM; Alberto Toffoletto – NCTM; Angelo Bonvino – Paul Weiss Rifkind Wharton & Garrison; David Carmona – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Alvaro Membrillera – Paul Weiss Rifkind Wharton & Garrison; Aidan Synnott – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Gianni & Origoni; NCTM; Paul Weiss Rifkind Wharton & Garrison;

Clients: KPS Capital Partners, LP; Siderforgerossi Group, S.p.A.;

Author: Federica Tiefenthaler