M&A Deal Summary

Terra Firma Capital Partners Acquires Tilia Homes

On April 16, 2021, private equity firm Terra Firma Capital Partners acquired construction company Tilia Homes from Kier Group for 110M GBP

Acquisition Highlights
  • This is Terra Firma Capital Partners’ 2nd transaction in the Construction sector.
  • This is Terra Firma Capital Partners’ 21st largest (disclosed) transaction.
  • This is Terra Firma Capital Partners’ 24th transaction in the United Kingdom.

M&A Deal Summary

Date 2021-04-16
Target Tilia Homes
Sector Construction
Buyer(s) Terra Firma Capital Partners
Sellers(s) Kier Group
Deal Type Divestiture
Deal Value 110M GBP

Target

Tilia Homes

Cambridgeshire, United Kingdom
website
Tilia Homes is a house builder which builds, maintains, and renews the places where people live, work and play. Tilia Homes is based in Cambridgeshire, United Kingdom.

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Buyer(S) 1

Buyer

Terra Firma Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
PE ASSETS 17.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

Terra Firma Capital Partners is a private equity firm that primarily targets distressed 'asset rich' companies in need of management change or operational improvement. Terra Firma also invests in market leading businesses, or platform businesses capable of becoming market-leading businesses through add-on investments. Terra Firma generally looks to invest in businesses headquartered in Western Europe. Terra Firma was originally formed in 1994 and became an independent investment group in 2002. The Firm is based in London.


DEAL STATS #
Overall 35 of 35
Sector (Construction) 2 of 2
Type (Divestiture) 2 of 2
Country (United Kingdom) 24 of 24
Year (2021) 1 of 1
Size (of disclosed) 21 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-25 Parmaco Oy

Tampere, Finland

Parmaco designs build and leases fully assembled and ready-to-use high-quality wooden modular buildings that are used as schools and daycare centers in Finland and Sweden. Parmaco was founded in 1966 and is based in Tampere, Finland.

Sell -

Seller(S) 1

SELLER

Kier Group

Salford, United Kingdom

website


Category Company
Founded 1992
Sector Construction
Employees10,267
Revenue 3.1B GBP (2022)
DESCRIPTION

Kier Group is a property, residential, construction and services group which invests in, builds, maintains and renews the places where we work, live and play. We operate across a range of sectors including defence, education, housing, industrials, power, transport and utilities. Kier Group was founded in 1992 and is based in Salford, the United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector (Construction) 1 of 1
Type (Divestiture) 2 of 2
Country (United Kingdom) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-02 Go Plant Fleet Services

Coalville, United Kingdom

Go Plant Fleet Services is a provider of operated road sweepers, self-drive specialist vehicles, and associated fleet management services. The business has more than 40 years’ experience of partnering with local authorities and private sector customers, using its specialist knowledge to understand, anticipate and respond to the individual fleet and service requirements of its customers.

Sell £18M