An outsourcing group backed by Lord Hammond, the previous chancellor of the exchequer, is among the many suitors circling Telent, a serious supplier of digital infrastructure providers.
Sky Information has learnt that Amey, which endured years of economic difficulties earlier than being taken over by two personal fairness companies in 2022, has tabled an indicative provide to purchase Telent.
Business sources anticipate a deal to be value greater than £300m, with a subsequent spherical of bids due later this month.
Amey is part-owned by Buckthorn Companions, the place Lord Hammond is a accomplice.
The outsourcer was beforehand owned by Ferrovial, the Spanish infrastructure big, however bumped into monetary bother earlier than being bought simply over two years in the past.
It introduced earlier this week that it had accomplished a refinancing backed by lenders together with Apollo World Administration, HSBC and JP Morgan.
Amey is known to be competing in opposition to at the very least one different commerce bidder and one monetary bidder for Telent.
As soon as a part of Marconi, considered one of Britain’s most well-known industrial names, Telent ended up below the management of JC Flowers, the personal fairness agency, as a part of a deal involving Pension Insurance coverage Company, the specialist insurer, a number of years in the past.
It offers a spread of providers to telecoms and different communications suppliers.
Amey declined to remark, whereas Telent couldn’t be reached for remark.
