3M Company acquired Capital Safety (Capital Safety Group S.A.R.L.) for $2.5 billion enterprise value (including assumption of approximately $0.7 billion of debt, net of cash acquired), a transaction completed in August 2015, structured as Cash acquisition from KKR (enterprise value including assumed debt, net of cash acquired).
Capital Safety (Capital Safety Group S.A.R.L.) operates in Safety and Graphics (Personal Safety), is based in Global (sold by KKR), had revenue of about Approximately $430 million in annual global sales (fiscal year ended March 31, 2015, adjusted for recent acquisitions on a full-year basis). 3M acquired Capital Safety, a leading global provider of fall protection equipment, from KKR for a total enterprise value of $2.5 billion including the assumption of approximately $0.7 billion of debt, net of cash acquired. Products include harnesses, lanyards, self-retracting lifelines and engineered systems under the DBI-SALA and PROTECTA brands.
Strengthen 3M's personal safety platform to meet growing demand for personal protective equipment, driven by increasing regulatory focus on worker safety across developed and developing countries.
Industry-leading fall-protection products under well-known global brands (DBI-SALA, PROTECTA) with strong, consistent growth (sales CAGR of about 10 percent over the prior four years). 3M Personal Safety business (Safety and Graphics segment) Acquisition completed August 3, 2015; reported within 3M's personal safety platform.
Advisory firms were not disclosed for this transaction.