The chief executive of £400m-turnover partnerships housebuilder Keepmoat has admitted its private equity owners are considering “options” to sell or float the business.

Tim Beale said the firm’s owners, private equity firms Sun Capital and TDR Capital were “genuinely open-minded” about whether to pursue a sale of the business or a flotation on the stock exchange.

Beale’s comments come after it was reported this week that Keepmoat has received an offer to buy the firm from private equity fund Terra Firma, which earlier this year bought Kier’s housebuilding business for £110m.

…