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New Deal


Announced

In-Cap to acquire a 90.8% stake in Countryside for $1.9bn.

Financials

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Transaction Value£1,505m
Consideration TypeCash
Capital Owned9%
Capital Bid For91%
EV/Sales1x
EV/EBITDA-
Share Price Premium31.4%
One Off Charge-

Sources

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Majority

Single Bidder

Public

Friendly

Construction Services

United Kingdom

development

residential property

Acquisition

Tender Offer

Pending

Cross Border

Private Equity

Synopsis

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Inclusive Capital, a private equity firm, agreed to acquire a 90.8% stake in Countryside, a UK-based home builder, for $1.9bn. "In-Cap believes that Countryside's business also generates meaningful social value: the Company partners with local authorities to revitalise derelict communities, with a focus on affordable housing. As the Company states in its annual report, building communities is the foundation of what we placemaking unlocks greater socio-economic value and community well-being," In-Cap.

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