Member Article

Potential buyout on the horizon for Doncaster’s Keepmoat housing provider

Doncaster-based Keepmoat, the housing developer, is reportedly on the brink of a buyout with several rivals circling.

Private equity funds including Apollo Management and Onex, a Canadian investor, are among the bidders which have tabled offers for Keepmoat.

According to a report on Sky News, Keepmoat could by sold for up to £500 million. The firm employs more than 3,200 full-time staff across 22 regional offices.

The company is one of a string of house builders, which ended up in the control of Lloyds Banking Group, after it bought the assets of rival HBOS.

Last year Keepmoat built over 200 new homes and refurbished 350,000 properties.

This was posted in Bdaily's Members' News section by Clare Burnett .