Sureserve Announces Recommended Takeover of Kinovo
Deal News | May 15, 2025 | Addleshaw Goddard
Addleshaw Goddard has provided advisory services for Sureserve Compliance Holdings Limited, a subsidiary of Sureserve Group Limited, in its recommended cash takeover offer for Kinovo plc, a company listed on the AIM market and known for its expertise in compliance and sustainability solutions. The acquisition will be executed through a Court-sanctioned scheme of arrangement. Sureserve's Executive Chair and CEO, Graham Levinsohn, articulated that this acquisition aligns with the firm's strategic intent, enhancing its commitment to being a key partner in social housing and public sector compliance solutions. The legal team at Addleshaw Goddard was spearheaded by Corporate Finance Partner Giles Distin, with significant contributions from colleagues across various practices and offices.
Sectors
- Legal and Advisory
- Energy and Sustainability
- Corporate Finance
Geography
- United Kingdom – The involved companies are based in the UK, with Kinovo being listed on the AIM market and the deal being executed through a UK legal framework.
Industry
- Legal and Advisory – Addleshaw Goddard acts as a legal advisor on the acquisition, providing expertise in M&A transactions.
- Energy and Sustainability – Sureserve and Kinovo both operate within the realms of compliance and sustainability, focusing on energy transition solutions in social housing.
- Corporate Finance – The acquisition involves corporate finance elements with a structured purchase agreement facilitated by a law firm.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Sureserve Compliance Holdings Limited | Bidding Company | Company | A subsidiary of Sureserve Group Limited involved in compliance and energy solutions. |
| Kinovo plc | Target Company | Company | An AIM-listed company, specializing in compliance and sustainability solutions. |
| Addleshaw Goddard | Legal Advisor | Company | A law firm providing legal advice on the acquisition. |
| Graham Levinsohn | Executive Chair and CEO | Person | CEO of Sureserve, providing strategic insight relating to the acquisition. |
| Giles Distin | Corporate Finance Partner | Person | Led the legal team from Addleshaw Goddard managing the acquisition process. |