Kohlberg Kravis Roberts (KKR) to Acquire Capital Safety in $1.12B Deal

Global investment firm Kohlberg Kravis Roberts & Co. L.P. (NYSE: KKR) (together with its affiliates, “KKR”), today announced the signing of a definitive agreement to acquire Capital Safety, a leading provider of fall protection equipment (“FPE”), from Arle Capital Partners, for $1.12 billion.

The closing of the transaction, expected to be in January, is subject to customary closing conditions, including regulatory approval.

Morgan Stanley & Co. LLC acted as financial advisor to KKR. Fully committed financing will be provided by UBS Investment Bank, Morgan Stanley Senior Funding, Inc., and KKR Capital Markets, an affiliate of KKR, in the form of senior secured credit facilities. KKR Capital Markets also arranged financing in the form of senior unsecured notes with Crescent Capital Group.

Latham & Watkins LLP served as legal counsel to KKR.

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