ICG sold Kee Safety to Inflexion and 65 Equity Partners for £1.3 billion, showcasing that high-quality businesses can secure strong valuations despite challenging M&A markets. Kee Safety, a leader in fall protection, has been in private equity hands since 2006, with a history of successful acquisitions. HSBC and Lloyds Bank led a £600 million debt package for the deal. ICG retains a stake, while Inflexion and 65 Equity hold minority stakes, aligning interests for future growth.

ICG announced the realization of its investment in Kee Safety, valuing the company at approximately £1.3 billion. The transaction involves new investments from Inflexion and 65 Equity Partners. ICG will continue as a lender and minority shareholder, while Kee Safety's management retains its shareholding. The partnership aims to support Kee Safety's growth, with ICG having initially partnered with the company in 2021.