(Bloomberg) -- Brookfield Asset Management Inc. is nearing a takeover of emergency household repairs provider HomeServe Plc, in what would be one of the UK’s largest take-private transactions this year, according to people familiar with the matter. 

The deal is set to value HomeServe at about $5 billion, the people said, asking not to be identified discussing confidential information. Brookfield is hammering out final terms of a transaction and could reach an agreement in the coming days, the people said. 

Shares of HomeServe jumped as much as 10% on Wednesday, the biggest intraday gain in more than two weeks. They were up 9.2% at 10:10 a.m. in London, giving the company a market value of 3.6 billion pounds ($4.4 billion). 

Deliberations are ongoing and could still be delayed or falter, according to the people. Representatives for Brookfield and HomeServe declined to comment.

Brookfield said in March that it was exploring a takeover of London-listed HomeServe. The Canadian investment firm, which has tabled a number of proposals to HomeServe, received an extension under UK takeover rules to make a firm offer for the company by May 19. 

Founded in 1993, HomeServe provides repair, maintenance and installation services for plumbing, heating and electrical systems to households across the UK, as well as the US and parts of Europe. It also offers a range of insurance products to homeowners.

The company, which has grown through a series of acquisitions, saw revenue rise 15% to 1.3 billion pounds last year -- a period in which pandemic lockdowns around the world continued to confine people to their homes.

(Upates with share movement in third paragraph)

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