Sign up to our Editors Choice newsletter now! Click here

Buyout firms looking at Keepmoat

Accessibility Menu

Menu Search

24dash - The UK's most up-to-date social housing and public sector news website

Buyout firms looking at Keepmoat


Published by Anonymous for in Housing and also in Finance

Buyout firms looking at Keepmoat Buyout firms looking at Keepmoat

Several buyout firms are interested in Keepmoat, one of the UK's biggest social housing providers, Sky News reported.

"Sky News understands private equity funds including Apollo Management and Onex, a Canadian investor, are among the bidders which have tabled offers for Doncaster-based Keepmoat."

Keepmoat, which employs more than 3,000 people across the UK, built, refurbished or repaired more than 350,000 properties last year.

Keepmoat itself said in a statement: "Keepmoat can confirm that it is at the early stages of assessing possible financial partners to provide further funding for the next stage of the development of the group."

Sky News said: "The company is one of a string of housebuilders which ended up in the control of Lloyds Banking Group, the taxpayer-backed lender, in the aftermath of its takeover of stricken rival HBOS."


Login and comment using one of your accounts...