Private equity firm Warburg Pincus will buy DLJ Merchant Banking Partners’ Total Safety, a provider of outsourced safety and compliance solutions to clients requiring education and training. Specifics of the deal were not publicized. Total Safety is based in Houston, Texas.
Warburg Pincus to Acquire Total Safety
HOUSTON, Sep 07, 2011 Total Safety, the premier global outsourced provider of integrated safety and compliance solutions to clients operating in hazardous environments, today announced that Warburg Pincus, a leading global private equity firm, has reached a definitive agreement to acquire Total Safety from DLJ Merchant Banking Partners. Terms of the transaction were not disclosed and it is expected to close in the fourth quarter of 2011.
About Total Safety
Total Safety, based in Houston, Texas, is the world’s leading global outsourced provider of integrated safety and compliance solutions and the products necessary to support them. As the world’s leading provider of safety solutions, Total Safety provides services and products to support: on-site safety, turnaround safety, gas detection, respiratory protection, rescue, safety training, fire protection, safety compliance and inspection, industrial hygiene, onsite emergency medical treatment/paramedics, communications systems, and engineered system design. It operates from more than 105 locations in 13 countries to ensure the safe Wellbeing of Workers Worldwide (W3). For more information about Total Safety, please visit www.totalsafety.com .
About Warburg Pincus
Warburg Pincus is a leading global private equity firm. The firm has more than $30 billion in assets under management. Its active portfolio of more than 125 companies is highly diversified by stage, sector and geography. Warburg Pincus is a growth investor and an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 13 private equity funds which have invested more than $35 billion in over 650 companies in more than 30 countries.
Since inception, the firm has invested approximately $7.5 billion in consumer, industrial and services (CIS) companies including past and current investments in Aramark, Polypore, Safetykleen, Scotsman Industries, Survitec Group, TransDigm Group Inc. and Transpacific Industries.
The firm is headquartered in New York with offices in Amsterdam, Beijing, Frankfurt, Hong Kong, London, Luxembourg, Mauritius, Mumbai, San Francisco, Sao Paulo and Shanghai. For more information, please visit www.warburgpincus.com .
About DLJ Merchant Banking Partners
DLJ Merchant Banking Partners (DLJMB) is a leading private equity investor that has a 24-year record of investing in growth capital opportunities, leveraged buyouts and related transactions across a broad range of industries. DLJMB, with offices in New York, London and Los Angeles, is part of Credit Suisse’s Asset Management business. In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including alternative investments such as private equity, hedge funds, real estate and credit, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse’s Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals.