Bahrain-based Investcorp announces sale of Kee Safety Group Ltd

bahrain stc kee safety investcorp
  • Date: 07-Apr-2021
  • Source: Zawya
  • Sector: Tourism
  • Country: Bahrain
  • Share:

Bahrain-based Investcorp announces sale of Kee Safety Group Ltd

Investcorp, a leading global provider and manager of alternative investment products, has announced it has agreed the sale of Kee Safety Group Ltd to its management team, supported by Intermediate Capital Group. Established in the UK in 1934 and headquartered in Cradley Heath, Kee Safety is the leading global provider of Fall Protection and Safe Access solutions and products associated with working at height. The company's products have a longstanding reputation for their quality, reliability and safety and include fall prevention equipment, roof edge protection, barrier and guardrail systems and safe access solutions. Today, the company has a global presence and sells its products across more than 60 countries worldwide to a broad range of customers, from multi-national corporations to distributors and installers. The company employs 780 people and has established operations in 10 countries, including the US and China. Investcorp acquired Kee Safety in November 2017 and has worked closely with the management team to drive both organic and inorganic international growth, whilst expanding Kee Safety's market-leading product offering. Under Investcorp's ownership, Kee Safety accelerated its growth trajectory, surpassing £100 million ($138 million) in sales and growing EBITDA at a double-digit rate. Moreover, the Company has completed fifteen acquisitions, expanding its

Goldman Sachs says now’s the time to buy these 7 stocks

Tech stocks could get hit by rising rates but Goldman says these names in the sector are safe

Qatar Fund for Development signs agreement with vaccine alliance Gavi

Tuesday Sector Leaders: Oil & Gas Exploration & Production, Metals & Mining Stocks