Latest News

Warburg Pincus, a global private equity firm, has reached an agreement to acquire Survitec Group Limited from Montagu Private Equity LLP. Warburg Pincus will acquire a majority stake with the management at Survitec retaining a minority shareholding and continuing to lead the business.

Commenting, Steve Coates, Warburg Pincus Managing Director, said “Survitec is a global leader in its markets and with proven long term sustainable growth and resilience to economic cycles, it fits perfectly with our investment criteria. .The management team at Survitec is highly regarded and experienced and we are delighted to be able to support the next stage of the company’s growth and development.”

Doug Baxter, Survitec CEO, said; “During our time with Montagu we have continued to stay at the forefront of safety and survivability technology addressing the evolving needs of our customers. At the heart of Survitec’s success are the 1300 employees who work across our manufacturing and servicing sites in Europe, North America, Asia and Oceania delivering our products to more than 7,000 Survitec customers. We are extremely pleased to partner with Warburg Pincus and look forward to Survitec’s continued expansion and success under their ownership.”

The transaction is expected to close in February subject to regulatory review and customary closing conditions.