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Completed

Housing Growth Partnership and McGoff Group formed a £13m joint venture.

Financials

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Transaction Value£13m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Household Equipment and Products

Majority

Joint Venture

Completed

development

construction

Domestic

Private

Friendly

Single Bidder

United Kingdom

Synopsis

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Housing Growth Partnership, an equity investor, and McGoff Group, a privately owned, construction and integrated support services business, formed a £13m joint venture. "Our investment with McGoff highlights the role that equity funding plays in getting housing projects off the ground across the UK during a high interest rate environment. Downtown Victoria North promises to be an excellent scheme that will provide tenants with a high-quality place to live within walking distance from the city centre. McGoff have a great track record in the delivery and operation of schemes of this nature across the North West and we look forward to partnering with them on this and other developments.” John McKeon, HGP Investment Director.

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