KIG Holdings Ltd

Barlcays Ventures has supported the management buyout of KIG Holdings Ltd. The deal valued the steelwork branded product supplier at £26m and following the deal, Barclays Ventures syndicated a portion of their equity interest to Invex Capital Partners, the institution which initiated the transaction. Debt on the deal was supplied by Lloyds Acquisition Finance.

Company

KIG is headquartered in Cradley Heath in the West Midlands, with UK operations in Reading and Telford, and premises in France, Germany, the US and Canada. It is a leading supplier of secondary steelwork branded products, primarily providing safe access solutions, structural fittings and steelwork fixings. Its products are used in a wide variety of buildings and are sold via a mix of building products merchants and directly to end customers. The business expects growth to continue to be driven by increasing safety legislation, an improving construction market and an increasing trend away from welded products towards modular solutions. It employs over 150 staff and has a turnover in excess of £20m

People

Alex Brebbia, Jeremy Morgan, Jyotin Sethi and Emma Morris led the deal for Barclays Ventures. Alan Greenberg and Gavin Nicholas led the deal for Invex Capital Partners. David Tinn remains the managing director of KIG. A well-regarded non-executive chairman will shortly join the board as a result of the deal. Adrian Peckham and Chris Birt arranged the debt for Lloyds TSB Acquisition Finance.

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