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A supplier of social housing vitality companies will on Friday change into the most recent in a queue of listed corporations ready to depart the general public markets when it discloses a £200m supply from a French non-public fairness agency.
Sky Information has learnt that Sureserve, which had a market capitalisation of £145m at Thursday’s closing share worth of 90p, will announce that it has acquired a takeover bid from Cap10.
One supply stated the supply can be pitched at a big premium to the present inventory worth and would worth Sureserve at about £200m.
Sureserve, which employs about 2,500 individuals, installs and maintains companies on behalf of social housing landlords.
It trades by plenty of subsidiaries, together with Everwarm, Cor Power and Providor, which delivers sensible metering companies.
The method from Cap10 marks the most recent in a string of personal fairness approaches for London-listed corporations in current weeks.
Apollo International Administration has made gives for each THG, the net well being and vitamin retailer, and oil companies group John Wooden.
Community Worldwide, a Gulf-focused funds firm, has stated it’s minded to suggest a bid from CVC Capital Companions and Francisco Companions.
Bankers at Evercore are understood to be advising Sureserve on the method.
Sureserve’s public relations adviser didn’t reply to calls in search of remark.
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