Global investment firm Kohlberg Kravis Roberts & Co. (KKR) has inked a contract to purchase Capital Safety by paying a total of $1.12 billion. Arle Capital Partners is the seller of the fall protection equipment provider.
UBS Investment Bank, Morgan Stanley Senior Funding, KKR Capital Markets and Crescent Capital Group are arranging finance for the deal. Morgan Stanley & Co. was financial advisor to KKR on the transaction, which is scheduled to close in January subject to routine conditions. KKR’s legal advisor on the deal was Latham & Watkins.
Click here for the release from Business Wire.