Boss of bid target Keepmoat admits sale of business is being considered by private equity owners

By Joey Gardiner2021-07-19T05:00:00

Housebuilder believed to be subject of bid from Kier Living buyer with firm also mulling float on stock exchange

The chief executive of £400m-turnover partnerships housebuilder Keepmoat has admitted its private equity owners are considering “options” to sell or float the business.

Tim Beale said the firm’s owners, private equity firms Sun Capital and TDR Capital were “genuinely open-minded” about whether to pursue a sale of the business or a flotation on the stock exchange.

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