Mid-Cap News and Press Releases

KPS Capital Partners Portfolio Company Siderforgerossi Completes Acquisition of Euskal Forging

Jul 01, 2022

Acquisition of Leading European Seamless Rolled Rings Manufacturer

Expands Global Platform of Large Diameter Forgings

Veneto, Italy (July 1st, 2022) – Siderforgerossi Group S.p.A. (“Siderforgerossi”), a leading global manufacturer of forged products and a portfolio company of KPS Capital Partners, LP (“KPS”), announced today that it completed the acquisition of Grupo Euskal Forging, S.L. and its subsidiaries (together “Euskal Forging” or the “Company”).  Financial terms of the transaction were not disclosed.

Euskal Forging is a manufacturer of forgings and seamless rolled rings, including rings greater than eight meters in diameter, serving the wind power, capital goods, oil & gas, power transmission and mining end-markets.  Headquartered in Irura, Spain, the Company operates three manufacturing facilities and has approximately 170 employees.

Daniele Crose, Chief Executive Officer of Siderforgerossi, said, “The capabilities of Euskal Forging represent an unparalleled opportunity for Siderforgerossi to expand our product portfolio, manufacturing footprint and competencies.  This acquisition is an important step as Siderforgerossi advances its leading position in the wind power wide diameter forgings market, across both offshore and onshore applications. We are extremely impressed by the strength of Euskal Forging’s management, customer relationships and unrivaled commitment to quality.”

Iñigo Fernández Garate, General Manager of Euskal Forging, said, “The combination of Euskal Forging and Siderforgerossi creates clear benefits for the customers and employees of both companies.  Euskal Forging and Siderforgerossi share a commitment to quality and customer service that extends from our operations to our products.  We are thrilled to operate under KPS’ ownership and join Siderforgerossi in this exciting new chapter of growth.”

Banco Sabadell S.A. served as lead financial advisor, Houlihan Lokey served as debt capital markets advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP and Cuatrecasas served as legal counsel to Siderforgerossi and KPS. 

Alantra Corporate Finance, S.A.U. served as financial advisor and BSK Legal & Fiscal as legal counsel to the seller, Inversiones Nider Lekim, S.L.

About Siderforgerossi

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.  Siderforgerossi specializes in large diameter forged products and primarily serves the wind power, oil & gas, earth moving, and aerospace end-markets across Europe and India.  Siderforgerossi provides customers with a vertically integrated offering including heat treating, destructive and non-destructive testing and machining.  The Company is headquartered in Veneto, Italy and operates nine manufacturing sites in Italy and three additional sites in India.  For additional information, please visit www.siderforgerossi.com.

About Euskal Forging

Euskal Forging is a manufacturer of forgings and seamless rolled rings, including rings greater than eight meters in diameter, serving the wind power, capital goods, oil & gas, power transmission and mining end-markets.  Headquartered in Irura, Spain, the Company operates three manufacturing facilities and has approximately 170 employees. For additional information, please visit www.euskalforging.com.

← Back to in the News

footer-logo

One Vanderbilt Avenue, 52nd Floor
New York, NY 10017
T: 212.338.5100 | F: 646.307.7100

KPS does not offer to sell, or solicit offers to purchase, any investment products or securities through any social media platforms or other Internet-based applications (including, but not limited to Twitter (X), Instagram, Facebook, TikTok, WhatsApp, LinkedIn and YouTube).
The information set forth in the materials on this site is as of June 30, 2025 and does not purport to be a complete summary of KPS or its investments. No representation, warranty or undertaking, express or implied, is given as to the accuracy or completeness of the information or opinions contained in such materials. No reliance may be placed for any purpose on the information and opinions contained in such materials or their accuracy or completeness and nothing in such materials may be relied upon in making any investment decision. Certain information on or linked to from this site is furnished by or is derived from materials furnished by outside sources. KPS does not assume responsibility for independent verification of such information and has relied on such information being complete and accurate in all material respects. Any information presented by outside sources represents the understandings and opinions of such outside sources, which may differ from those of KPS. Any statements and quotes from third-parties are not selected on the basis of any performance-based data. Any performance information included in any document on or linked to from this site is presented for illustrative purposes only and is not indicative of the future returns of any of the funds managed by KPS and there can be no assurance that such funds will achieve comparable results, be able to avoid losses or be able to implement their investment strategies.

For information on our data processing practices, please read our privacy policy here.

To read our Diversity and Inclusion Statement, please click here.

For more information on the “Explanatory Documents for KPS Investors V, Ltd under Article 63-4(3) of Financial Instruments and Exchange Act of Japan” please click here (Form 21-3) and here (Form 20-2). 

For more information on the “Explanatory Documents for KPS Investors VI, Ltd under Article 63-4(3) of Financial Instruments and Exchange Act of Japan” please click here (Form 21-3) and here (Form 20-2).

For disclosures pursuant to the EU Sustainable Finance Disclosure Regulation (SFDR), please click here.

© Copyright 2025, KPS Capital Partners, LP.