UK - BOSIF backs £783m MBO of community regeneration specialist
Bank of Scotland Integrated Finance has backed the £783m management buyout of community regeneration specialist Keepmoat Plc. The privately held Plc was divested by private shareholders via an auction process run by Deloitte. Bridgepoint and 3i had previously been reported to have shown an interest in Keepmoat.
The £783m buyout of Doncaster-based Keepmoat represents Yorkshire's largest ever buyout. BOSIF recently backed another business in the social housing space - acquiring Apollo from LDC in a £410m transaction just weeks ago. BOSIF has completed a string of high-profile large deals over the last fortnight including Apollo, Polypipe and David Lloyd Leisure. David Lloyd Leisure was acquired for £925m by Next Generation Clubs with backing from BOSIF alongside co-investor London & Regional Properties.
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