US private equity group snaps up Miller Homes

By Carl Brown2022-01-04T09:55:00

Scottish firm becomes latest housebuilder to change owners

Scottish housebuilder Miller Homes is set to be bought by US global asset investment group Apollo Funds as the Edinburgh-based housebuilder seeks to boost its annual build rate by 70%.

The private housebuilding giant will be sold by investor Bridgepoint Group to Apollo, which claims to have $481bn of assets under management, following the signing of a deal worth a reported £1.2bn. The sale is due to be completed by the end of March.

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