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New Deal


Announced

Completed

Countryside Properties acquired Westleigh Homes for £135.4m.

Financials

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Transaction Value£135m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA6.5x
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Real Estate Holding and Development

Private Equity

Acquisition

home building

Private

Completed

Friendly

Single Bidder

Majority

Synopsis

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Countryside Properties, a leading UK home builder and regeneration partner, acquired Westleigh Homes, a well established partnerships home builder, headquartered in Leicester, covering the Midlands and South Yorkshire, for £135.4m. Commenting on the acquisition, Ian Sutcliffe, Chief Executive of Countryside, said: "Westleigh is a well run business with a strong strategic, geographic and cultural fit to countryside and provides us with an excellent platform for further Partnerships growth. We see huge opportunity in combining Westleigh’s regional expertise with the Countryside mixed tenure business model.

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