Inspired gets PS130 million takeover bid from US private equity firm

Inspired PLC on Tuesday said it has received a potential takeover offer from a new bidder that beats an approach the board rejected and that it is inclined to accept.

The Kirkham, England-based energy and sustainability advisor said it is in talks with Palo Alto, California-based private equity firm HGGC LLC regarding a potential takeover offer for Inspired. The mooted offer of 81 pence in cash for each Inspired share would value the entire company at just under £130 million.

Inspired shares were up 8.5% to 77.00p on Tuesday morning in London for a £125.2 million market cap. The stock is up 71% so far in 2025.

The Inspired board said it is minded to recommend the HGGC offer to shareholders, should a firm offer be made.

Inspired on Tuesday said HGGC is the unnamed third-party to which it was referring in its announcement last week that it had rejected another bid approach.

Inspired had said an offer from Regent Acquisitions 2025 Ltd of 68.50p per share in cash was ‘wholly inadequate’.

Inspired noted on Tuesday that HGGC will reduce the terms of its offer by the amount of the final dividend proposed by Inspired on March 31, which was 1p per share. As a result, Inspired said it would withdraw its final dividend upon receipt of a firm offer.

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