Park Place Corporate Finance

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International Safety Products

£N/D Sale

International Safety Products

World-leading marine lifejacket manufacturer International Safety Products has been sold to August Equity portfolio company 3Si.  The terms of the deal were not disclosed. 

ISP was formed in 1981 and since then has established itself as a worldwide leader in the field of marine safety equipment from its two locations in Merseyside.  The acquisition by 3Si is an important step in its strategy of consolidating the fragmented maritime safety sector.   

Owing to ISP’s established market reputation it attracted the attention of a number of international players in the marine and personal protection equipment sectors.  The conclusion of the deal will allow the two principal directors to retire and yield Merseyside Special Investment Fund a handsome return following its support of a management buy-out in 2008.

Tim Simpson, who led the deal for PPCF, commented “We are delighted to have assisted the shareholders of ISP realise the value they have created since the management buy-out.  3Si faced stiff competition to acquire ISP but stood out as a preferred partner.  This transaction should deliver great opportunities for ISP to continue growing and prospering with 3Si’s expansive strategy.”

John Rogers, Managing Director of ISP, said “PPCF skilfully managed the sales process. They delivered a great result which took account of not only the financial aspects of the deal but also a range of sensitive commercial and personal objectives.”

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