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Announced

Completed

LF Capital completed the merger with Landsea Homes in a $510m deal.

Financials

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Transaction Value£395m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

housebuilding

Majority

Merger

United States

Private

Single Bidder

Construction Services

Domestic

Completed

Reverse Takeover

De-SPAC

Synopsis

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LF Capital, a blank check company, completed the merger with Landsea Group-backed Landsea Homes, a high-growth residential homebuilder based in Newport Beach, CA, in a $510m deal. "Landsea Homes has established a unique and differentiated homebuilding platform with significant growth prospects for the future. With a strong foothold in two high-growth real estate markets, California and Arizona, and an industry-leading program that provides a superior living environment through home automation, sustainability and energy savings, we believe this transaction will allow Landsea to reach its true growth potential. We look forward to working with the Landsea team as we introduce their compelling story to the public markets," Scott Reed, LF Capital CEO and President.

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