Global investment firm KKR has served as lead arranger, administrative agent, and investor on a debt financing for Clarience Technologies’ acquisition of Safe Fleet, a manufacturer of fleet safety solutions, investing in the transaction through its credit vehicles and accounts.
KKR Capital Markets acted as left lead arranger and joint bookrunner on the transaction.
Clarience Technologies is a global provider of visibility and safety technologies for transportation, including vehicle lighting, audible warning systems, telematics solutions and tyre monitoring and inflation systems. The Safe Fleet acquisition adds complementary fleet safety solutions including video and evidence management, collision prevention, violation detection and trailer temperature control, as well as cargo storage systems and fire-fighting technologies.
KKR’s credit vehicles and accounts have been investors in both Safe Fleet and Clarience since 2018 and 2019 respectively.
