The Carlyle Group Inc. (NasdaqGS:CG) is planning to launch after the summer a sale process for Forgital Italy S.p.A., an Italian manufacturer of forged components mainly for the aerospace sector, two sources close to the matter said on May 24, 2024. Carlyle, which is working with JP Morgan on the sale, is aiming to get an enterprise value of roughly EUR 2.5 billion ($2.7 billion) for Forgital, which is expected to report a core profit of around EUR 135 million this year, one of the sources added. Carlyle and JPMorgan declined to comment.

Carlyle bought Forgital in 2019, valuing the company, which is specialized in forging and laminating rolled rings across a broad range of materials, at around EUR 1 billion. Private equity firms and North American industrial players have shown interest in the asset, the source added.