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New Deal


Announced

The New Home Company to acquire Apollo Global Management for $338m.

Financials

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Transaction Value£245m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium85%
One Off Charge-

Tags

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Public

homebuilder

Friendly

Majority

Pending

United States

Domestic

Private Equity

residential real estate

Single Bidder

Real Estate Holding and Development

Acquisition

Synopsis

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The New Home Company, a real estate services company, agreed to acquire Apollo Global Management, a private equity firm, for $338m. “As consumer demand for new homes accelerates amid limited supply, we continue to see exciting opportunities to invest in the residential housing market. New Home’s consumer-driven approach and dedicated focus on integrating unique design and architecture has separated the Company as a best-in-class homebuilder. We are excited to work with the management team to execute on the Company’s growth strategy and provide more homes to consumers across the country," Peter Sinensky, Apollo Partner.

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