[SINGAPORE] Global investment firm 65 Equity Partners and Inflexion, a London-based private equity firm, announced on Tuesday (Apr 1) their plans to jointly invest in safety equipment provider Kee Safety.
Both 65 Equity Partners and Inflexion will have equal minority shareholdings in Kee Safety, alongside the Kee Safety management team, upon completion of the investment.
Earlier in 2021, Intermediate Capital Group (ICG) made an initial investment in partnership with Kee Safety’s management, and will continue to support the business as a lender and minority shareholder, while working alongside Inflexion, 65 Equity Partners and the management team.
This investment could lead to Kee Safety being valued at around £1.3 billion (S$2.3 billion), according to the statement.
The transaction is still subject to regulatory and tax clearances.
Headquartered in Cradley Heath, UK, Kee Safety specialises in the design, installation, and certification of safety systems, and offers solutions for fall protection, safe access and ground safety. The company has acquired 54 businesses to date.
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65 Equity Partners has S$4.5 billion in assets under management – one of its funds is the S$1.5 billion Anchor Fund @ 65. It aims to list two or three companies on the Singapore Exchange in the coming two to three years, its management told The Business Times.
Inflexion, which specialises in mid-market transactions, has opened an office in Singapore.
The opening “is a strategic milestone for Inflexion and will help to deepen our investor coverage in the region”, said George Collier, chief operating officer and partner at Inflexion.
Inflexion usually invests between £20 million and £500 million of equity in each deal.
