Patron and L&G buy CALA

April 1, 2013
Private equity group Patron Capital Partners and Legal & General have bought CALA Group from Lloyds Banking Group in a deal that values the housebuilder at £210 million. Each will take a 46.5% equity stake in the firm with the housebuilder's senior management team taking a 7% share. The deal consists of £140 million equity and £70 million debt. Patron …

Continue reading

To continue reading this article please login or register.

Login

Forgot your password?

Register for free

Quick and free registration

Register