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Buyout firms looking at Keepmoat

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Buyout firms looking at Keepmoat

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Published by Jon Land for 24dash.com 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."

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