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London private equity firm launches bid for Sureserve

Construction Enquirer

London-based private equity group Cap10 has launched a £214m takeover bid for housing maintenance contractor Surveserve. The bid, which is being recommended by the housing maintenance firm’s board, is at a 39% premium to yesterday’s closing share price of 90p, which gave Sureserve a market capitalisation of £145m.

Equity 82
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Ilke Homes served up for offers over a £1

Construction Enquirer

Yorkshire-based modular house builder ilke Homes is being offered to potential buyers for bids of over £1. Any bid for the business will need to be submitted before the end of next week when the future of the modular firm will be decided. Those thought to have been approached include Barratt, Bellway and Taylor Wimpey.

Equity 103
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Ilke Homes files administration notice

Construction Enquirer

The Enquirer understands that ilke is being offered to potential buyers for bids over £1 with a number of major house builders approached over a possible deal. Any bid for the business will need to be submitted before the end of this week when the future of the modular firm will be decided.

Equity 107
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Two Years Later, First-Time Buyers Are Still Stuck on the Starting Line

Pro Builder

Unable to compete with repeat buyers backed by equity, first-time house hunters have been sidelined for two years, and housing costs are still rising . For two years, first-time buyers have been put through the wringer of a competitive housing market characterized by soaring prices, bidding wars, and all-cash offers.

Equity 98
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Ilke Homes falls into administration

Construction Enquirer

They are understood to have approached a trio of major volume house builders but could not tempt them to make an offer even after inviting nominal bids of over £1. US-based investor Fortress led the equity investment fundraise, with existing shareholders TDR Capital and Sun Capital also subscribed.

Equity 102
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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Extracting key ratios from financial statements and safety metrics from OSHA filings allows builders to gauge a subcontractor’s short-term and long-term health — and empower estimators with the data they need to make more informed bidding decisions. . Debt-to-Equity . Formula: Total Liabilities / Total Shareholders’ Equity .

Safety 94
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Five Predictions for Commercial Construction Trends in 2012

HardHatChat

We’ve compiled the list below based on conversations with clients and fellow commercial construction experts, upcoming bid work, economic projections and observations in the field. We have been approached a couple of times to become an equity partner in a project in order to win that construction job.