Financial Times on Nostr: L&G to sell Cala Homes to buyout firms for £1.35bn ========== Legal & General (L&G) ...
L&G to sell Cala Homes to buyout firms for £1.35bn
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Legal & General (L&G) has agreed to sell Cala Homes to private equity firms Sixth Street Partners and Patron Capital for an enterprise value of £1.35bn; L&G will receive £1.16bn in cash; Cala Homes sold approximately 3,000 homes last year; Patron previously owned Cala alongside L&G, selling it in 2018 for £605mn.
#Legal&General #CalaHomes #Buyout #PrivateEquity #SixthStreetPartners #PatronCapital #UkHousingMarket #RealEstate #FinancialNews #Business
https://www.ft.com/content/4a24a1d2-f756-4776-9c08-3a671e063e6a
==========
Legal & General (L&G) has agreed to sell Cala Homes to private equity firms Sixth Street Partners and Patron Capital for an enterprise value of £1.35bn; L&G will receive £1.16bn in cash; Cala Homes sold approximately 3,000 homes last year; Patron previously owned Cala alongside L&G, selling it in 2018 for £605mn.
#Legal&General #CalaHomes #Buyout #PrivateEquity #SixthStreetPartners #PatronCapital #UkHousingMarket #RealEstate #FinancialNews #Business
https://www.ft.com/content/4a24a1d2-f756-4776-9c08-3a671e063e6a