Arle Capital Partners sells Capital Safety Group to KKR for US$1.12bn
- Return of 3.6x since Arle took on investment
Arle Capital Partners today announced that it signed an agreement to sell Capital Safety Group, worldwide experts in fall protection and height safety equipment, to KKR for an enterprise value of US$1.12bn. The deal is expected to complete in January 2012, subject to regulatory approvals.
The sale of Capital Safety represents a return of 3.6x since Arle began managing the investment in 2009 and a 2.7x return on the original investment. It is the third exit by the Arle team following the successful realisations of Ontex and Equity Trust. In total, the team will have realised proceeds of EUR728 million from these three exits.
Since Capital Safety was acquired from Electra Partners in June 2007 the business has undergone a strategic transformation, doubling its revenues to over US$350m.
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