Tommy Breen remembers receiving the call from Simon Phelan, the founder of Hometree. It was January 2023 and the former chief executive of DCC had just completed the sale of FTSE-100 company HomeServe plc to a Canadian alternative investment manager for over £5 billion. It had been an intense period since May 2022 when Brookfield first made its offer to take private HomeServe, a British home services and repairs giant. Breen became chairman of HomeServe in January 2022, at a time when it was performing financially well but unloved by the stock market, which had sold out of the stock…

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