Cinven agreed to sell its majority The UK Takeover Panel has granted KKR and Stonepeak Partners an extension until 11 April to finalise a firm offer for Assura, the healthcare real estate investment trust.

The initial deadline was set for 15 March, but the private equity consortium has been given additional time to complete due diligence, Reuters reports.

KKR and Stonepeak have been assessing a potential takeover as part of their broader focus on healthcare infrastructure. Assura, which specialises in primary care property investments across the UK, has drawn interest due to its long-term rental stability and critical role in the healthcare sector.

If a deal moves forward, it would mark another significant private equity-backed acquisition in the UK real estate market. Neither KKR nor Stonepeak have commented on the deadline extension.