Brookfield to acquire HomeServe PLC
Brookfield Infrastructure has agreed to acquire HomeServe PLC in a transaction valued at GBP4.1 billion (US$5.1 billion). The transaction will be carried out in a 1,200p per share cash deal.
HomeServe PLC is a British multinational home emergency repairs and improvements business founded in 1993. The company provides repair, maintenance and installation services for plumbing, heating and electrical systems to households across the UK, as well as the US and parts of Europe. It also offers a range of insurance products to homeowners.
Milbank acted as financial advisor to Brookfield while UBS and Goldman Sachs acted as financial advisors to HomeServe PLC.
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