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Brookfield Nears $5 Billion Deal for UK’s HomeServe

  • Deal would be one of year’s biggest take-privates in the UK
  • Brookfield has until May 19 to make firm offer for HomeServe
The HomeServe website.

The HomeServe website.

Updated on

Brookfield Asset Management Inc. is nearing a takeover of emergency household repairs provider HomeServe Plc, in what would be one of the UK’s largest take-private transactions this year, according to people familiar with the matter. 

The deal is set to value HomeServe at about $5 billion, the people said, asking not to be identified discussing confidential information. Brookfield is hammering out final terms of a transaction and could reach an agreement in the coming days, the people said.