Beazer social arm bagged in MBO

Nov. 1, 2001
Beazer Partnerships boss John Cadwallader has led a management buyout of the firm, paying Persimmon &£4.7 million for the social housing and prefabrication divisions. Kier has invested &£2.5 million in a 49% stake in the new holding company, Belan, which now owns both firms. The social housing arm will be called Partnerships First, while the prefabrication firm will keep the …

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