International law firm Addleshaw Goddard has advised Sureserve Compliance Holdings Limited, part of Sureserve Group Limited, on its recommended cash takeover offer for Kinovo plc, a leading specialist compliance and sustainability solutions provider listed on AIM. The acquisition will proceed via a Court-approved scheme of arrangement.

Commenting on the announcement of the offer, Graham Levinsohn, Executive Chair and CEO of Sureserve, said:

“We believe the acquisition of Kinovo, with its focus on compliance and energy transition in social housing, fits perfectly with our strategy, and that bringing the two businesses together will enhance our offering to our clients. This is another significant step in delivering our mission, which is to be the trusted partner of choice to the social housing and related public sector in delivering essential and affordable heating, energy savings, and compliance solutions…” 

Commenting on the announcement of the offer, Sangita Shah, Non-Executive Chair of Kinovo, said:

“I am pleased to announce Sureserve’s intention to acquire Kinovo. The potential of the combined group — Sureserve’s stature within UK compliance and energy services and Kinovo’s reputation within its housing association and local authority clients — is compelling. I am particularly proud of the opportunity that this will present to our dedicated and committed employee base, whom I believe will be afforded enhanced opportunities to develop personally and professionally.”

The Addleshaw Goddard team was led by Corporate Finance Partner Giles Distin, supported by a cross-practice and cross-office team, including, amongst others, Katie Parker, Vinay Rawal and Rebecca Mackellar.

Commenting on the transaction, Giles Distin at Addleshaw Goddard, said:

“We are proud to have again supported our client, Sureserve, this time on this takeover offer, looking to bring together two businesses with a shared focus on compliance, sustainability, and delivering essential services to the UK’s social housing sector.”