Announced
Financials
Sources
Tags
Mbo
Private
Domestic
Pending
Majority
Single Bidder
Security Equipment
fall protection equipment
United Kingdom
Acquisition
Friendly
Private Equity
Synopsis
Intermediate Capital Group, a global alternative asset manager, agreed to acquire Kee Safety Group, a global supplier of fall protection equipment, safety railing systems and working at height solutions, from Lloyds Development Capital, a mid-market private equity firm, and Investcorp, a provider and manager of alternative investment products. Financial terms were not disclosed. ”LDC has played a significant role in supporting our international growth strategy, investing time and resources since they first invested back in 2011. Their partnership with us has been crucial to the on-going success of our business and has provided us with the perfect platform to enhance our global market-leading position,” Chris Milburn, Kee Safety Chairman.
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