TDR Capital and Sun Capital have started evaluating a sale or flotation of the housebuilder
The private equity owners of UK housebuilder Keepmoat are seeking a potential sale or IPO that could value the company at more than £700 million. TDR Capital and Sun Capital are said to have hired investment banks Barclays and Moelis to advise on the dual-track process. TDR and Sun Capital bought Keepmoat in 2014 for £400 million.
Keepmoat has been owned by TDR Capital – which has just engineered the takeover of Asda – and Sun Capital, the vehicle set up by Hugh Osmond, one of the UK’s best-known entrepreneurs, since 2014.
Source: Pitch Book
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.