Mubasher: Investcorp announced its agreement on acquiring Dunedin’s stake in the UK-based Kee Safety for a total value of GBP 280 million ($370 million), according to a recent statement.

Investcorp is a leading provider and manager of alternative global investment products in Bahrain, while Kee Safety is a global supplier of safety solutions and products designed to protect people from hazards.

Investcorp intends to back Kee Safety’s international growth strategy whether organically or by considering further add-on acquisitions, the statement added.

This acquisition step is expected to expand Investcorp’s geographic footprint as well as strengthening its presence in existing markets.

“Kee Safety is an important addition to our investment portfolio in Europe,” the managing director at Investcorp in Bahrain, Fahad Murad, said.