KKR in £1.4bn play for SMS

Apax ups Kin and Carta bid; Baird’s Louise Kingston sees 2024 deal pickup.

It’s another take-private-tastic morning, with another US private equity firm making a move for a listed UK company.

KKR has agreed a cash acquisition with the board of Smart Metering Systems, an energy infrastructure company. Meanwhile, Apax Partners has upped its bid for UK tech consultancy Kin and Carta – we look at whether that will be enough to win over shareholders.

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