Investcorp buys British safety equipment firm

Bahrain-based investment company Investcorp has acquired a UK-based provider of safety equipment for £280 million ($370 million).

Based in Birmingham, Kee Safety produces safety harnesses, guardrails and other items to protect people who work at height.

“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,” said Jose Pfeifer, principal in Investcorp’s European corporate investment group.

The takeover is Investcorp’s third acquisition in the UK in the past 18 months and follows the company’s investments in cyber security firm Nebulas and school software provider Impero.

Founded in 1982 and listed on Bahrain’s stock exchange, Investcorp says it has completed more than 170 corporate investments.

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