A supplier of social housing power providers will on Friday grow to be the newest in a queue of listed firms ready to depart the general public markets when it discloses a £200m provide from a French personal fairness agency.
Sky News 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 mentioned the provide can be pitched at a major premium to the present inventory worth and would worth Sureserve at about £200m.
Sureserve, which employs about 2,500 folks, installs and maintains providers on behalf of social housing landlords.
It trades via a variety of subsidiaries, together with Everwarm, Cor Energy and Providor, which delivers good metering providers.
The method from Cap10 marks the newest in a string of personal fairness approaches for London-listed firms in latest weeks.
Apollo Global Management has made provides for each THG, the net well being and vitamin retailer, and oil providers group John Wood.
Network International, a Gulf-focused funds firm, has mentioned it’s minded to advocate a bid from CVC Capital Partners and Francisco Partners.
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.
Content Source: information.sky.com