ABG Sundal Collier acted as financial advisor to IK Investment Partners in connection with the sale of Hansen Protection to Survitec

On Thursday the 6th of May 2021, it was announced that IK Investment Partners has signed an agreement to sell Hansen Protection, a leading European provider of specialist survival suits and protective equipment, to Survitec, backed by majority shareholders Searchlight Capital Partners and M&G Investments. Headquartered in Moss in Norway, Hansen Protection has over 140 years of experience as a supplier of marine safety wear and equipment. The company offers products and services that are specifically designed to safeguard the well-being and lives of workers in high-risk and harsh environments, hence playing a mission-critical role in the daily operations of its customers. In addition to being a leading European provider of advanced transportation survival suits to the offshore oil & gas and wind markets, Hansen Protection also designs and sells protective rainwear used in harsh working environments – as well as a range of coated textile products for leisure marine- and various niche applications. Survitec, headquartered in the United Kingdom, is a global leader in critical safety and survival solutions within marine, energy, aerospace and defense markets. The combination of the businesses will significantly strengthen Survitec’s position within the energy and marine space and enable continued growth across geographies and end-markets. ABGSC acted as sole financial adviser in exit process of Hansen Protection. The terms of the transaction were not disclosed.