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
