Addleshaw Goddard has advised Sureserve Compliance Holdings Limited, a subsidiary of Sureserve Group Limited, on its recommended cash takeover offer for AIM quoted Kinovo plc, a leading provider of specialist compliance and sustainability solutions.

The acquisition is to be implemented by means of a Court-sanctioned 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…”

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: