Construction News

18/08/2014

Keepmoat Takeover Talks Intensify

Social housing contractor Keepmoat could be taken over by two private equity firm, in a reported £400m deal.

According to a report from Sky News, private equity firms Sun Capital Partners and TDR Capital are in talks over a possible takeover deal.

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It is said that the talks are at an "advanced stage" and could lead to a deal as early as next week, according to Sky News.

Keepmoat is current owned in partnership between management and Lloyds Banking Group.

(MH/IT)

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