KKR Leads Financing for Clarience Technologies’ Acquisition of Safe Fleet
16 2월 2024 - 9:00PM
Business Wire
KKR, a leading global investment firm, today announced that it
served as Lead Arranger, Administrative Agent, and investor on a
debt financing for Clarience Technologies’ Acquisition of Safe
Fleet. KKR invested 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 tire monitoring
and inflation systems. With the Safe Fleet acquisition, Clarience
Technologies adds a comprehensive set of complementary fleet safety
solutions including video and evidence management, collision
prevention, violation detection and trailer temperature control, as
well as cargo storage systems, fire-fighting technologies, and
other solutions. The acquisition opens cross-selling opportunities
to common customer segments, accelerates technology innovation and
ultimately enables Clarience Technologies to deliver better value
to its customers.
KKR’s credit vehicles and accounts have been investors in both
Safe Fleet and Clarience since 2018 and 2019, respectively.
“This transaction demonstrates how the scale and unique
capabilities of our platform benefit the issuers with whom we work.
Our long-standing investments in both companies allowed us to move
quickly and with conviction to seamlessly deliver a scaled solution
for Clarience Technologies and its sponsor, Genstar Capital,” said
George Mueller, a Partner at KKR. “We look forward to supporting
Clarience, Safe Fleet and Genstar teams as they capitalize on
opportunities ahead.”
About KKR
KKR is a leading global investment firm that offers alternative
asset management as well as capital markets and insurance
solutions. KKR aims to generate attractive investment returns by
following a patient and disciplined investment approach, employing
world-class people, and supporting growth in its portfolio
companies and communities. KKR sponsors investment funds that
invest in private equity, credit and real assets and has strategic
partners that manage hedge funds. KKR’s insurance subsidiaries
offer retirement, life, and reinsurance products under the
management of Global Atlantic Financial Group. References to KKR’s
investments may include the activities of its sponsored funds and
insurance subsidiaries. For additional information about KKR &
Co. Inc. (NYSE: KKR), please visit KKR’s website at www.KKR.com For
additional information about Global Atlantic Financial Group,
please visit Global Atlantic Financial Group’s website at
www.globalatlantic.com.
About Clarience Technologies:
Clarience Technologies is the global leader of visibility and
safety technologies for transportation. Born from a collection of
premium brands each with a long track record of innovation, its
solutions include vehicle lighting, camera and vision systems,
telematics and safety solutions that protect our world and our
livelihoods by keeping people, assets and businesses safe, secure
and productive. Its team of companies includes Truck-Lite, DAVCO,
Road Ready, RIGID, Lumitec, ECCO, Code 3, Fleetilla, LED Autolamps,
Pressure Systems International and Safe Fleet. For more
information, visit www.clariencetechnologies.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240216168195/en/
KKR Julia Kosygina +1 212-750-8300 Media@kkr.com
KKR (NYSE:KKR)
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