Social housing builder would be valued at over 拢800m if sold to the private equity group 3i
Keepmoat, one of Britain鈥檚 biggest builders and repairers of social housing is believed to be in talks with private equity firm 3i over a sale which could value the company at more than 拢800m.
It was reported over the weekend that Keepmoat has hired corporate financiers at Deloitte to explore 鈥渟trategic options鈥� for the group. Its owners are thought to be exploring a sale of the entire group or a stake in the business.
Rumours of the interest from 3i, which is also currently considering a bid for property services consultant Erinaceous, is likely to lead to interest from other private equity groups and trade buyers in the social housing sector.
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