Nov. 28 (Bloomberg) -- KKR & Co., the private equity firm that agreed to buy most of Samson Investment Co. last week for $7.2 billion, is set to acquire Capital Safety Ltd., the U.K.- based safety harness maker, people familiar with the process said.
KKR beat rival Cinven Ltd. in the process to buy the company from Arle Capital Partners LLP, the people said. The bid may value Capital Safety at about 700 million pounds ($1.1 billion), people with knowledge of the matter said earlier this month.
Arle, which was spun out from Candover Investments Plc, is seeking to return cash to investors before raising a new pool. Led by John Arney, the private equity firm may also sell the manufacturing unit of U.K. oil company Expro International Group Plc, people with knowledge of the firm’s plans said previously. It is also considering selling QiOptiq, a maker of optical equipment for the military.
Representatives of Arle and KKR declined to comment.
Anders Pettersson, chief executive of Capital Safety, told bidders he would leave the company once the deal was completed, a person said earlier this month.
KKR’s deal for Samson is the biggest company takeover by a private-equity firm announced this year and a record for an oil and gas producer, according to data compiled by Bloomberg.
Sky News earlier reported that KKR was positioned to win the auction.
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