Intermediate Capital Group’s Acquisition Of Kee Safety Group Ltd

Gateley Legal have advised Investcorp, LDC and the management sellers on their exit from Kee Safety Group Ltd, to Intermediate Capital Group.

UK-based Kee Safety was established in 1934 and is the leading global provider of fall protection and safe access solutions and products associated with working at height. The company has a global presence and sells its products across more than 60 countries worldwide to a broad range of customers, from multinational corporations to distributors and installers.

Investcorp acquired Kee Safety in 2017 and has since helped them grow exponentially into international markets whilst also expanding their market leading product offering. Kee Safety accelerated its growth trajectory, surpassing £100 million ($138 million) in sales and growing EBITDA at a double-digit rate. The company has also completed fifteen acquisitions since 2017, expanding its geographic footprint in Europe, North America, Asia and the Middle East.

LDC first backed Kee Safety in 2011 and has had a significant impact on their growth through a targeted buy-and-build strategy. Since the start of their partnership, Kee Safety’s revenue has increased by more than 350%, they have acquired 27 complementary businesses and LDC has helped them to increase headcount to 780 people across 10 countries, an increase of more than 400% over the same period.

Corporate partner and Head of Gateley Legal’s London office, Paul Hayward (Picture) led the deal for Gateley Legal. He was supported by corporate partner Andrew Cowan, associate Zum Mohammed and solicitors Hannah Hogarth and Jack Elms. 

Involved fees earner: Andrew Cowan – Gateley LLP; Paul Hayward – Gateley LLP; Zum Mohammed – Gateley LLP;

Law Firms: Gateley LLP;

Clients: Investcorp;

Author: Federica Tiefenthaler