Bahrain investment firm Investcorp said on Wednesday it agreed to acquire UK-based Kee Safety Ltd., a global provider of fall protection solutions and products associated with working at height, for £280 million ($370 million).
“Kee Safety has grown at an impressive rate across international markets whilst maintaining excellent standards in the quality and reliability of its product range,” said Mohammed Al-Shroogi, co-CEO at Investcorp in a statement.
“We look forward to working in partnership with the current management team as Kee Safety continues to increase its penetration into existing and new markets,” he added.
Investcorp said it plans to leverage Kee Safety’s "longstanding reputation for quality, reliability and safety" to support the company’s international growth strategy both organically and by considering further add-on acquisitions.
“[Investcorp’s] experience of working with the management teams of their portfolio companies to help them continue to internationalise makes them a highly complementary partner for Kee Safety and one that will help us realise the full growth potential of the business,” said Chris Milburn, chairman of Kee Safety.
Kee Safety marks Investcorp’s third investment in the UK in the last 18 months, having previously acquired Nebulas, one of the UK’s leading managed cyber security service providers; and Impero, one of the UK’s leading providers of online student safety, classroom and school network management software.
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