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Inspired PLC suitor Regent Acquisitions Ltd on Wednesday said acceptances for its bid increased slightly, a day after the AIM listing received a rival takeover proposal. Regent, which owns companies in the gas and infrastructure sectors, back in April offered to buy Inspired, a Kirkham, England-based energy and sustainability advisor. The bid was for 68.50 pence per share, valuing Inspired at £109.4 million. Inspired’s board unanimously rejected the offer, calling it ‘wholly inadequate’. Regent on Wednesday reported that it had received acceptances for another 0.1% of Inspired shares, now giving it a stranglehold of 29.46%. On Tuesday, Inspired said it received a potential takeover offer from a new bidder that it is inclined to accept. It said it is in talks with Palo Alto, California-based private equity firm HGGC LLC regarding a potential takeover offer. The mooted offer of 81 pence in cash for each Inspired share would value the entire company at just under £130 million. 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 on Wednesday noted the support of its largest shareholder, Gresham House Asset Management Ltd, for the possible bid by HGGC. Gresham House Asset Management holds 29.73% of Inspired shares. The London-based asset manager intends to support HGGC’s proposal, should a firm offer be made. Inspired shares were flat at 76p each on Thursday morning in London. It has a market capitalisation of £121.3 million. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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