KKR to Buy Capital Safety From Arle Capital for $1.1 Billion

KKR & Co., the private-equity firm that acquired most of Samson Investment Co. last week, agreed to buy Capital Safety Ltd. from Arle Capital Partners LLP for $1.12 billion. The deal is expected to close in January.

KKR beat rival Cinven Ltd. in the process to buy the U.K.- based company, people familiar with the matter said. Capital Safety, which has U.S. offices in Red Wing, Minnesota, provides equipment that protects workers from falls, such as harnesses and lanyards.