Avant Homes sold to hedge fund consortium

Dec. 15, 2014
A hedge fund consortium has acquired Avant Homes, it was confirmed today (December 15). Lloyds Banking Group has sold the housebuilder to Alchemy Special Opportunities, Avenue Capital Group and Angelo Gordon, reportedly for £175 million. Avant said that the trio’s investment reflected its confidence in Avant’s “strong future growth prospects as a specialist housebuilder selling aspirational and design-led homes”. The …

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