Siderforgerossi takes over Euskal Forging: the advisors

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.

Financial terms of the transaction were not disclosed.

Cuatrecasas, Paul Weiss Rifkind and 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.

Cuatrecasas acted with Javier Villasante (pictured), Pablo Paisán, Pedro López-Dóriga, Mikel Puyadena, Sofía Olarra and Pablo Paisán.

BSK Legal & Fiscal acted as legal counsel to the seller, Inversiones Nider Lekim. Alantra Corporate Finance served as financial advisor.