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New Deal


Announced

ICG to acquire Kee Safety Group from LDC and Investcorp.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Mbo

Private

Domestic

Pending

Majority

Single Bidder

Security Equipment

fall protection equipment

United Kingdom

Acquisition

Friendly

Private Equity

Synopsis

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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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