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Canada’s Brookfield Asset Management said on Thursday one of its private infrastructure funds was in the early stages of considering a possible offer for home repair services provider HomeServe Plc.

The home repair services industry was a big winner of pandemic lockdowns as homebound customers spent more time and money on renovations, boosting the sector’s sales.

In the six months to Sept. 30, UK-based HomeServe’s adjusted earnings jumped 27 per cent thanks to a strong performance in its North America market.

Brookfield said it would either announce a firm intention to make an offer for the London-listed firm or walk away from it by April 21.

HomeServe said in a separate statement it had not received an approach from Brookfield.

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