Warburg Pincus Acquires Survitec For $456M

Law360, New York (January 29, 2010, 4:57 PM EST) -- Private equity firm Warburg Pincus LLC will purchase U.K.-based safety equipment manufacturer Survitec Group Ltd. from Montagu Private Equity LLP in a deal reported at £280 million ($456 million), the companies announced Friday.

Though the companies declined to disclose the terms of the deal, Reuters and other news organizations are reporting the £280 million price tag. Survitec is a Northern Irish safety and survival equipment manufacturer working in marine, defense and aerospace survival technology.

“Survitec is a global leader in its markets and with proven long-term...
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