Hedge fund buys Avant

Feb. 1, 2015
A hedge fund consortium has acquired Avant Homes. Lloyds Banking Group 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 acquisition would also lay the foundations for Avant’s …

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