KPS Portfolio Company Completes Add-on Acquisition of Euskal Forging

Paul, Weiss advised KPS Midcap and its portfolio company Siderforgerossi, a leading manufacturer of rolled and forged products, in Siderforgerossi's add-on acquisition of Euskal Forging, a leading European manufacturer of wide diameter forgings serving the wind power, capital goods, oil & gas, power transmission and mining end markets. Headquartered in Bilbao, Spain, Euskal Forging operates three manufacturing facilities and has approximately 170 employees. Financial terms of the transaction were not disclosed.

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.