PR90002

NEW YORK, June 9, 2021 /PRNewswire=KYODO JBN/ --

- Creates Global Forged Products Platform

- Marks Second Mid-Cap Fund Acquisition in Italian-based Company

KPS Capital Partners, LP ("KPS") announced today that it has signed a

definitive agreement to acquire Siderforgerossi Group, S.p.A.

("Siderforgerossi" or the "Company"), 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

2021.  

Logo - https://mma.prnewswire.com/media/1023167/KPS_Logo.jpg

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. 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.

Ryan Harrison, a Partner of KPS Mid-Cap Investments ("KPS Mid-Cap"), said,

"Siderforgerossi is a market leader with unmatched manufacturing capabilities

and a differentiated quality control and customer service track record.  We are

excited for this investment to form the basis of a global forged products

platform that KPS and the Siderforgerossi team intend to grow both organically

as well as through acquisitions.  We look forward to working with Chief

Executive Officer Adriano Zambon, the Company's talented management team and

dedicated employees to accelerate growth opportunities and create value by

leveraging KPS' very successful, multidecade experience in investing in the

metals and forged products industries."

Adriano Zambon, Chief Executive Officer of Siderforgerossi, said, "We are

excited to operate under KPS' ownership as the Company enters this next phase

of development.  KPS' demonstrated track record of driving manufacturing

excellence will position Siderforgerossi to capitalize on meaningful growth

opportunities, while maintaining our focus on quality, safety and customer

service. Under KPS' ownership, we will develop a range of growth and

operational initiatives to build upon our long and successful history."

Financial terms of the transaction were not disclosed.  Intesa Sanpaolo S.p.A.

– IMI Corporate & Investment Banking Division served as lead financial advisor,

Houlihan Lokey served as debt capital markets advisor, and Paul, Weiss,

Rifkind, Wharton & Garrison LLP served as legal counsel to KPS.  

Mediobanca – Banca di Credito Finanziario S.p.A. served as lead financial

advisor and NTCM Studio Legale served as legal counsel to selling shareholders

of Siderforgerossi and to the Company.

About Siderforgerossi Group

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. 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 KPS Capital Partners

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).  For nearly three

decades, the Partners of KPS have worked exclusively to realize significant

capital appreciation by making controlling equity investments in manufacturing

and industrial companies across a diverse array of industries, including basic

materials, branded consumer, healthcare and luxury products, automotive parts,

capital equipment and general manufacturing.  KPS creates value for its

investors by working constructively with talented management teams to make

businesses better, and generates investment returns by structurally improving

the strategic position, competitiveness and profitability of its portfolio

companies, rather than primarily relying on financial leverage. The KPS Funds'

portfolio companies have aggregate annual revenues of approximately $10.9

billion, operate 149 manufacturing facilities in 22 countries, and have

approximately 35,000 employees, directly and through joint ventures worldwide.

The KPS investment strategy and portfolio companies are described in detail at

www.kpsfund.com.

KPS Mid-Cap focuses on investments in the lower end of the middle market that

require up to $100 million of initial equity capital. KPS Mid-Cap targets the

same type of investment opportunities and utilizes the same investment strategy

that KPS' flagship funds have for nearly three decades. KPS Mid-Cap leverages

and benefits from KPS' global platform, reputation, track record,

infrastructure, best practices, knowledge and experience. The KPS Mid-Cap

investment team is managed by Partners Pierre de Villeméjane and Ryan Harrison,

who lead a team of experienced and talented professionals.

SOURCE  KPS Capital Partners, LP

CONTACT: Business Inquiries: KPS – 212.338.5100, or Media Relations: David

Wells – 646.818.9287