Endless LLP is in exclusive talks to buy Imtech Ireland and is “interested in the activities of Imtech UK.”
Endless LLP is an investment fund controlling £525m of assets with a target of “UK headquartered businesses with a turnover between £10 million and £1 billion.”
The Endless website states: “Endless LLP is a UK based private equity investor with one distinct goal: to make business better for everybody.
“It’s why we get out of bed in the morning; why we do what we do and why we consider ourselves unique from other investment houses.
“We consider the real value of our investments to be the difference we make to businesses, communities and individuals.
“A transformational investor, Endless looks to support buyouts, non-core acquisitions from larger groups, turnarounds and financial restructurings. All of these can carry with them feelings of confusion, concern and a level of unpredictability.”
Imtech UK and Ireland started “very active ” talks with potential suitors earlier this month after the Dutch holding company of M&E giant Royal Imtech NV was placed in bankruptcy.
The procedural step saw trustees appointed in Holland and the immediate sale of the two main operating divisions securing the employment of 7,300 staff.