AIM-listed Energy Firm Sureserve In Crosshairs

Shares in smart meter group Sureserve soar as it becomes the latest London-listed firm targeted by private equity

Published: 21:54 BST, 21 April 2023 | Updated: 08:16 BST, 22 April 2023

Shares in smart meter group Sureserve soared as it became the latest London-listed firm targeted by private equity.

The AIM-listed company, which provides energy services to social housing, including the installation of smart meters, backed a 125p a share offer from French buyout group Cap10, which valued it at £214million.

Sureserve shares jumped 37.2 per cent, or 33.5p, to 123.5p.

Buyout: Sureserve provides energy services to social housing, including the installation of smart meters

But Peel Hunt analyst Andrew Nussey said the bid undervalued the firm, and a rival approach could not be ruled out.

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.

POPULAR MONEY SECTIONS

AIM-listed energy firm Sureserve in crosshairs

Shares in smart meter group Sureserve soar as it becomes the latest London-listed firm targeted by private equity

Share or comment on this article:

LEAVE A REPLY Cancel reply

Editor Picks

Latest News