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Announced

Completed

M&G completed the acquisition of a majority stake in Greencore Construction.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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real estate services

Private

Friendly

Completed

Majority

Single Bidder

United Kingdom

Construction Services

construction services

Domestic

Acquisition

Synopsis

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M&G, a saving and investment business company, completed the acquisition of a majority stake in Greencore Construction, a construction services provider. Financial terms were not disclosed. With this investment, Greencore can scale to have a transformational impact on sustainable housebuilding standards in this country. The built environment is one of the biggest emitters of carbon, both in construction and occupation, but we’ve shown it doesn’t have to be this way. Our homes are sustainable to build and sustainable to live in, which is becoming more important than ever as energy prices continue to spiral," Ian Pritchett, Greencore Construction Managing Director.

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