PriestleySoundy advised Graham Levinsohn, Executive Chair & CEO of Sureserve, and his Senior Management team on their employment and incentive arrangements following the take-private acquisition of Sureserve by Cap10 in July 2023. The transaction valued the business at £214m.
As the UK’s leading energy and compliance services provider to the social housing sector, Sureserve specialises in the provision of inspection, compliance, maintenance and installation services in the areas of heating, insulation and renewable energy. Sureserve is set to play a key role in reducing fuel poverty and achieving the UK’s Net Zero targets, supporting the energy transition journey of social housing landlords and public sector bodies.
Cap10 was founded as a pan-European private equity firm in 2020 and announced the first close for its inaugural fund in December 2021, with Euro 300m of committed capital. Led by financial entrepreneurs with decades of private equity experience, Cap10 partners with talented individuals to transform high-potential businesses that others overlook.
Cap10 was advised by Proskauer Rose.
18 December 2023
