Announced
Financials
Tags
Majority
Pending
United Kingdom
Real Estate Holding and Development
Acquisition
Domestic
residential property developer
Private Equity
Friendly
Private
Single Bidder
Synopsis
Private developer Berkeley DeVeer and investment firm Elliott Advisors agreed to acquire Avant Homes, a private residential property developer, for £498m (c.658m). "The investment by Berkeley DeVeer and Elliott Advisors marks another exciting chapter for Avant Homes and is a clear endorsement of our growth potential. This is testament to the strength and ambition of our team who have helped make Avant the business it is today and I would also like to take this opportunity to thank our previous owners for their support," Mark Mitchell, Avant Homes CEO.
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