L&G takes full control of Cala Homes

摘要

L&G has taken full control of housebuilder Cala Homes, with its Legal & General Capital arm splashing £315m on the deal, writes Jordan Marshall. The insurance and investment group announced today that it had bought the 52.1% of the company it did not previously own from Patron Capital Partners and Cala's management team. The valuation of 100% of the equity in Cala Homes was £605m. Revenue at Cala tripled between 2013 and 2017 from £241m to £748m.