Global law firm White & Case LLP has advised Banco Santander, SA (Santander) on the financing of the acquisition of Grupo Euskal Forging, SL and its subsidiaries by Siderforgerossi Group SpA (Siderforgerossi).
Siderforgerossi, a portfolio company of KPS Capital Partners, LP (KPS), is a leading global manufacturer of forged products with capabilities across the manufacturing spectrum. Headquartered in Italy, the company operates nine production sites in Italy and three additional sites in India.
Euskal Forging is a manufacturer of forgings and seamless rolled rings serving the wind power, capital goods, oil and gas, power transmission and mining end markets. Headquartered in Irura, Spain, the company operates three production facilities and employs around 170 people.
KPS is a family of investment funds with approximately $13.4 billion in assets under management as of March 31, 2022. Its portfolio companies have approximately $19.7 billion in consolidated annual revenues, operate 233 manufacturing facilities in 27 countries, and employ directly and indirectly about 52,000 employees joint ventures worldwide.
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). Houlihan Lokey acted as exclusive financing advisor.
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