Dunedin has completed the sale of Kee Safety, a global supplier of safety solutions and products designed to protect people from hazards, to Investcorp. The sale, which exchanged on 18 October 2017, values the company at £280 million and provides a full exit for Dunedin’s Buyout Fund III, which will make a return of 3 times money invested and an IRR of 35 per cent.
Kee Safety exemplifies Dunedin’s ability to find niche UK businesses and help them to compete on a global stage. Since Dunedin acquired Kee Safety in 2013, the company has made twelve acquisitions and has increased its geographic footprint via further expansion into Europe, North America, Asia and the Middle East. Revenues have more than doubled since 2013 to a current level of £78 million.
Headquartered in Birmingham, Kee Safety employs 480 people and sells its products in over 60 countries. Customers range from multi-national corporations to major contractors, distributors and installers. Its products include fall prevention equipment, roof edge protection, barrier and guardrail systems and safe access solutions.