65 Equity, Inflexion to Invest in UK’s Kee at £1.3 Billion Value

65 Equity Partners and mid-market private equity firm Inflexion agreed to jointly invest in Kee Safety in a deal valuing the safety systems provider at about £1.3 billion ($1.7 billion).

Intermediate Capital Group Plc, Kee Safety’s controlling shareholder, will retain a minority stake following the deal, according to a statement seen by Bloomberg News. 65 Equity Partners, Inflexion and company management will each own about 30% of UK-based Kee Safety, people familiar with the matter said.

Kee Safety specializes in the design, installation and certification of safety systems with sales into 60 countries across the US, Europe, Asia and ...