Temasek-backed 65 Equity Partners, Inflexion to make minority investment in Kee Safety

[SINGAPORE] Global investment firm 65 Equity Partners and Inflexion, a mid-market 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.

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.