London private equity firm launches bid for Sureserve

London-based private equity group Cap10 has launched a £214m takeover bid for housing maintenance contractor Surveserve.
The bid, which is being recommended by the housing maintenance firm’s board, is at a 39% premium to yesterday’s closing share price of 90p, which gave Sureserve a market capitalisation of £145m.
Sureserve employs about 2,500 people specialising in housing safety compliance work, offers the potential to grow quickly as the country moves to meet net zero