Survitec acquires personal protective equipment provider Hansen Protection 5/6/2021
Survival technology leader Survitec today announced it has acquired Hansen Protection, a leading European provider of personal protective equipment.Â
The transaction reinforces Survitec as a leader for survival technology across the maritime, defense and government, energy, and aerospace markets. Survitecâs complete portfolio and its wide-reaching footprint creates a single partner for customers across the globe.
âThe addition of Hansen Protection, and its leading portfolio in personal protective equipment, protective rainwear, and technical textile solutions, fits perfectly within Survitec,â said Ron Krisanda, Executive Chairman at Survitec. âOur acquisition strategy is intended to broaden and deepen our offering and enhance our ability to service customers and this transaction does just that. The global reach and the combined companyâs
Global safety solutions company Survitec announced completion of a £270 million (over CA $466M) refinancing with funds managed or advised by the Credit Group of Ares Management Corporation (“Ares.”)
Ray Leclercq, Survitec’s Chief Financial Officer said in a statement, “Successfully concluding this financing demonstrates the confidence we believe that Ares and M&G have in our business. This marks a key milestone for Survitec’s customers, employees, shareholders and other partners. We completed this financing with an industry leader such as Ares based on the strength of our underlying business, meeting our current performance targets with year-over-year improvement in profitability as well as our growth plans for the coming years.”
Survitec Completes $372M Refinancing April 12, 2021
Survitec completed a $372M refinancing with funds managed or advised by the Credit Group of Ares Management Corporation.
“Successfully concluding this financing demonstrates the confidence we believe that Ares and M&G have in our business, said Ray Leclercq, Survitec’s CFO.
Survitec’s lead shareholders are Searchlight Capital Partners, a global private investment firm, and M&G Investments, an international asset manager.
Survitec also recently announced another key element of its long-term growth plans. In March 2021, the company said it had signed an intent to purchase Hansen Protection, a European provider of specialist survival suits and protective equipment.
Survitec Completes £270 Million Refinancing In Private Debt Market
Global safety solutions leader Survitec announced today that it has completed a £270 million refinancing with funds managed or advised by the Credit Group of Ares Management Corporation (“Ares”), a leading global alternative investment manager.
Ray Leclercq, Survitec’s Chief Financial Officer said, “Successfully concluding this financing demonstrates the confidence we believe that Ares and M&G have in our business. This marks a key milestone for Survitec’s customers, employees, shareholders and other partners. We completed this financing with an industry leader such as Ares based on the strength of our underlying business, meeting our current performance targets with year-over-year improvement in profitability as well as our growth plans for the coming years.”
Survitec Acquires Hansen Protection
Survitec, a global leader in critical safety and survival solutions, has today announced that it has signed an intent to purchase Hansen Protection, a leading European provider of specialist survival suits and protective equipment.
Ron Krisanda, Executive Chairman – Survitec, commented: ‘’Hansen Protection has a reputation for consistently delivering excellent products and services. The coming together of our two businesses, through a combination of our people, products, technology and wide-reaching footprint, will bring added value to our customers and reinforce Survitec’s position in the Energy and Marine sectors.’’
Source: Survitec
2021-03-17