Latham Advises 65 Equity Partners and Inflexion on Joint Investment in Kee Safety

Latham & Watkins has advised 65 Equity Partners and Inflexion on their agreement to jointly invest in Kee Safety, a global leader in safety systems and solutions. Following completion, 65 Equity Partners and Inflexion will have equal minority shareholdings in the Company, alongside the Kee Safety management team. ICG made an initial investment in partnership with management in 2021, and will continue to support the business as a lender and minority shareholder, working alongside Inflexion, 65 Equity Partners, and the management team. The investment implies a valuation for Kee Safety of approximately £1.3 billion.

The Latham team was led by London corporate partner Paul Dolman, with associates Alex Watt, Aeneas Nalbantis, and Catherine Fellows. Additional advice on funds matters was provided by London partner Nick Benson, with associate Jonathan Phay; on tax matters by London partner Helen Lethaby, with associate Richard Liu; on compliance matters by London partner Clare Nida, with associate Nick MacManus; on antitrust matters by Brussels partners David Little, Luca Crocco, and Washington, D.C. partner Patrick English, with associate James Mathieson; on technology matters by London partner Fiona Maclean, with associates Kate Burrell and Dal Lim; on employment matters by London partner Kendall Burnett, with associate Charlie Bowden; on ESG matters by London partners Paul Davies and Michael Green, with associate Toon Dictus; on real estate matters by London partner Qwentin Gwyer, with associate Costa Thrasyvoulou; on sanctions matters by London partner Robert Price, with associates Thomas Lane and Amaryllis Bernitsa; on US securities matters by London partner Ryan Benedict and New York partner Gail Neely, with associate Sarah Youssefi; and on Chinese corporate matters by Hong Kong partner Stephen Shi, with associate Vincent Jiang. Travers Smith also advised Inflexion on the transaction.