Capital Safety has announced its acquisition by KKR, a leading global investment firm, from Arle Capital Partners, which had owned the company since mid-2007. KKR has signed an agreement to pay $1.12 billion for Capital Safety, with transfer occurring in January 2012, subject to mandatory regulatory approvals.
Under its previous owner over the past four-and-a-half
years, Capital Safety doubled its revenues through a commitment to aggressive
research and development, enhanced its global supply chain and expanded into
emerging markets for fall protection equipment. It also successfully executed
five strategic acquisitions in Australia, Columbia, France and the U.K. to
broaden its offerings for customers worldwide.
“Strong interest in our company is confirmation of our
strategic direction and testament to the most experienced team of fall
protection experts in the world,” said Anders Pettersson, Capital Safety Group
CEO. “Without them, we could not have countered the global economic stresses
and served a record number of customers with a record number of products.”
Pettersson adds that KKR’s intent is to continue to
strategically invest in Capital Safety’s position as the world leader in
supplying fall protection solutions and expects continued expansion for the
company, both in terms of products and markets served.