ICG, the global alternative asset manager, today announced that its European Corporate team (“European Corporate”) has realised its investment in Kee Safety (“the Company”), a global leader in safety systems and solutions, as part of a transaction that will see a new joint investment from European mid-market private equity firm, Inflexion and global investment firm, 65 Equity Partners. The investment implies a valuation for the Company of approximately £1.3 billion.
This new partnership will see ICG continue to support the Company as both a lender and minority shareholder, with Kee Safety’s management team also retaining its shareholding. ICG first partnered with Kee Safety in 2021 and has supported the team to accelerate the growth of the business both organically and through acquisition.
Headquartered in Cradley Heath, UK, Kee Safety specialises in the design, installation, and certification of safety systems, offering innovative solutions for fall protection, safe access and ground safety. The Company has an expansive product range and global footprint, with sales into 60 countries across the US, Europe, Asia, and the Middle East. In a highly fragmented market, Kee Safety has an impressive track record of organic and acquisitive growth, having acquired 54 businesses to date.
ICG initially partnered with Kee Safety via the seventh vintage of its European Corporate fund, which boasts a 36-year track record providing flexible, tailored solutions to family owners, founders and management teams.
Chris Milburn, Chairman of Kee Safety, said:
This transaction marks an important milestone for the business and is testament to the hard work of our colleagues around the world. Our successful partnership with ICG has enabled us to accelerate our growth and we are immensely grateful for their collaboration over the past four years. We welcome our new investment partners, Inflexion and 65 Equity Partners, as we begin our next phase of growth and we are delighted that we will continue to benefit from ICG’s support.
Jamie Rivers, Managing Director, added:
It has been a privilege to work with Kee Safety over the last four years. Chris and the team have done a fantastic job in building and developing the business into a true leader in safety systems and solutions. The Company is set up for further success and ICG’s continuing partnership with Kee Safety underscores our strong alignment and shared vision. We are looking forward to the Company’s exciting next phase of growth.
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Notes to editor:
ICG and Kee Safety were advised by Rothschild & Co (Advisory), Freshfields (Legal), Gateley (Financing), Clifford Chance (Anti-trust), Grant Thornton (Financial and Tax), Strategy& (Commercial), Code & Co (Technology), AON (Cyber), ERM (Environmental), Marsh (Insurance), Thinking Legal (Management Legal).
For further information please contact:
Maisie Le Masurier
Corporate Communications
+44 20 3545 1624
[email protected]
About ICG
ICG (LSE: ICG) is a global alternative asset manager with $112bn* in AUM and more than three decades of experience generating attractive returns. We operate from over 20 locations globally and invest our clients’ capital across Structured Capital; Private Equity Secondaries; Private Debt; Credit; and Real Assets. Our exceptional people originate differentiated opportunities, invest responsibly, and deliver long-term value. We partner with management teams, founders, and business owners in a creative and solutions-focused approach, supporting them with our expertise and flexible capital. For more information visit our website and follow us on LinkedIn.
*As at 31 March 2025.
About Kee Safety
Kee Safety is a global leader in safety solutions, supplying innovative components and custom systems for fall prevention and safe access equipment. For more information visit our website www.keesafety.co.uk.
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