Kinovo

Canaccord Genuity acted as Financial Adviser, Rule 3 Adviser and Sole Broker to Kinovo on its all-cash acquisition

Canaccord Genuity is pleased to announce it is acting as Financial Adviser, Rule 3 Adviser and Sole Broker to Kinovo (“Kinovo” or the “Company”) on its £56.4 million recommended acquisition by Sureserve Compliance Holdings Limited (an indirect wholly-owned subsidiary of Sureserve Group Limited). 

The Cash Consideration represents a premium of approximately 41% to the closing price of 62p per Kinovo share on 9 May 2025 (being the last Business Day prior to the commencement of the offer period); 51% to the one-month VWAP and 46% to the three-month VWAP.

Kinovo is a leading UK provider of specialist property services, delivering safety, compliance, and sustainability solutions to housing associations and local authorities. Kinovo delivers mechanical, electrical and building services through three long-established and complementary subsidiaries – Dunhams, Purdy and Spokemead. Dunhams offers a complete range of electrical, mechanical, general building and renewable energy services for local authorities, social housing, education and the private sectors. Purdy is a well-established mechanical, electrical, building services and renewable energy contractor based in North East London. Spokemead has acted as the principal contractor for electrical installation, repairs and maintenance for the last 25 years in one of the largest boroughs in London. 

The Sureserve Group was founded in 1988 and is headquartered in Holborn, currently employing in excess of 3700 employees across 43 offices in the UK. Sureserve Group Limited, the parent company of the Sureserve Group, was previously a company whose shares were traded on AIM until its admission to AIM was cancelled on 11 July 2023, shortly following its acquisition by Cap10 Bidco.

Canaccord Genuity was appointed as Nominated Adviser and Joint Broker to Kinovo in November 2018.