IK Partners’s IK Partnership II (IK PF II) Fund has acquired a minority stake in A-SAFE, a UK designer, manufacturer and distributor of industrial polymer safety barrier systems, from the company’s management team, led by Co-CEOs James and Luke Smith.
The transaction marks the fund’s final investment as it is now fully committed. Financial terms have not been disclosed.
A-SAFE was founded in 1984 and is based in Yorkshire, UK, producing polymer-based products which are deployed in factories and warehouses globally to safeguard both people and assets from collisions with vehicles such as forklifts. The company employs over 700 and serves more than 6,000 customers in over 50 countries.
In a statement, Thomas Grob, Partner at IK and Advisor to the IK Partnership II Fund, said: “A-SAFE’s expansion into new markets and product segments, alongside its commitment to innovation, has firmly positioned it as an industry leader in workplace safety, protection and efficiency systems. The company’s ability to anticipate market needs, coupled with its relentless pursuit of product excellence, has garnered our utmost confidence in the management team and its ability to drive positive action.”
