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Survitec

Stage: LBOs and Special Situations

Year of Investment: 2010

Web Site : http://www.survitecgroup.com/

Headquartered in the UK, Survitec is the global leader in mission-critical safety and survival solutions.  The company supplies a broad range of safety products and through life support services, including life rafts, life jackets, survival suits, marine evacuation systems, rescue boats, pilot flight equipment and submarine escape suits, to more than 10,000 customers worldwide in the highly regulated marine, offshore / energy, defense & aviation, industrial & civil protection, and marine leisure markets. Survitec operates through a global manufacturing, distribution and service network of 600 locations and has increased its own service footprint from 12 to 50 service centers in the last 2.5 years.   In August 2011, Warburg Pincus recruited Paul Lester, former CEO of VT Group Plc, as the new Chairman and in 2012, Simon Withey was appointed as Chief Executive.  In addition, under the ownership of Warburg Pincus, Survitec has completed a number of add-on acquisitions.

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