Siderforgerossi Group’s Acquisition of Grupo Euskal Forging

Cuatrecasas, Paul Weiss Rifkind Wharton & Garrison served as legal counsel to Siderforgerossi and KPS. Banco Sabadell S.A. served as lead financial advisor, Houlihan Lokey served as debt capital markets advisor. White & Case advised Banco Santander, S.A. on the financing of the acquisition.

Siderforgerossi Group, a leading global manufacturer of forged products and a portfolio company of KPS Capital Partners, has completed the acquisition of Grupo Euskal Forging and its subsidiaries. 

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.

KPS is a family of investment funds with approximately US$13.4 billion of assets under management at March 31, 2022. Its portfolio companies have aggregate annual revenues of approximately US$19.7 billion, operate 233 manufacturing facilities in 27 countries and have approximately 52,000 employees directly and through joint ventures worldwide.

Financial terms of the transaction were not disclosed.

The Cuatrecasas team was led by Javier Villasante (Picture), Pablo Paisán, Pedro López-Dóriga, Mikel Puyadena, Sofía Olarra and Pablo Paisán.

The Paul, Weiss team included corporate partners Alvaro Membrillera and David Carmona; tax partners David Mayo and Robert Killip; and antitrust counsel Yuni Sobel and Marta Kelly.

The White & Case team that advised on the transaction was led by partners Jeremy Duffy (London) and Fernando Navarro (Madrid) and included associates Lachlan Jolly (London) and Raquel Singla (Madrid). 

Involved fees earner: Pedro López-Dóriga – Cuatrecasas; Pablo Paisán – Cuatrecasas; Mikel Puyadena Izaguirre – Cuatrecasas; Javier Villasante – Cuatrecasas; David Carmona – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Robert Killip – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; Alvaro Membrillera – Paul Weiss Rifkind Wharton & Garrison; Yuni Sobel – Paul Weiss Rifkind Wharton & Garrison; Jeremy Duffy – White & Case; Lachlan Jolly – White & Case; Fernando Navarro – White & Case; Raquel Singla – White & Case;

Law Firms: Cuatrecasas; Paul Weiss Rifkind Wharton & Garrison; White & Case;

Clients: Banco Santander Sa; KPS Mid-Cap Investments; Siderforgerossi Group, S.p.A.;

Martina Bellini

Author: Martina Bellini