Intesa Sanpaolo Lead Financial Advisor of KPS in the acquisition of Siderforgerossi

Intesa Sanpaolo (IMI Corporate & Investment Banking Division) supported KPS Capital Partners (“KPS”), a US-based family of investment funds with approximately $12.8 billion of assets under management as of March 31, 2021, as lead financial advisor in the acquisition of the majority share capital of Siderforgerossi Group S.p.A. (“Siderforgerossi”), 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 (the “Mid-Cap Fund”) and KPS’ second Mid-Cap Fund acquisition in Italy in 2021following the one of Metra announced last month, where IMI Corporate & Investment Banking had the same role.

The transaction closing is subject to golden power, antitrust filing and is expected to occur no later than July 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 Company operates in 9 manufacturing sites in Italy and 3 additional sites in India.

Read Siderforgerossi press release.

Read KPS press release.