The debt fund TALDE DEUDA ALTERNATIVA, FILPE, has financed, through a senior long-term loan, the acquisition of Euskalforging by KPS Capital Partners.
Founded in 1969, Euskalforging is a manufacturer of forgings and seamless rolled rings, including rings greater than 10 metres in diameter, 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 160 employees.
KPS Capital Partners is an investment fund with approximately 13.400M$ of assets under management. For over three decades, the partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries.
The recent geopolitical tensions and rising energy prices have accelerated planned long-term investment in the Offshore Wind Power. Market value of forged products in the European offshore market is expected to grow at a compound annual rate of 7.2% 2021-32. Within this context, larger turbines in conjunction with a robust pipeline of announced windfarms will drive consistent and growing demand for Euskalforging’s XXL rings during the next decade-plus.