White & Case advises Santander on financing for Siderforgerossi's acquisition of Grupo Euskal Forging

Press Release
1 min read

Global law firm White & Case LLP has advised Banco Santander, S.A. (Santander) on the financing of the acquisition of Grupo Euskal Forging, S.L. and its subsidiaries by Siderforgerossi Group S.p.A. (Siderforgerossi).

KPS Capital Partners, LP (KPS) portfolio company Siderforgerossi is a leading global manufacturer of forged products with capabilities across the manufacturing spectrum. Headquartered in Italy, it operates nine manufacturing 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 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.

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.

Press contact
For more information please speak to your local media contact.