M&A Deal Summary

Apollo Global Management Acquires The New Home

On July 23, 2021, asset manager Apollo Global Management acquired construction company The New Home for 338M USD

Acquisition Highlights
  • This is Apollo Global Management’s 2nd transaction in the Construction sector.
  • This is Apollo Global Management’s 46th largest (disclosed) transaction.
  • This is Apollo Global Management’s 79th transaction in the United States.
  • This is Apollo Global Management’s 11th transaction in California.

M&A Deal Summary
Date 2021-07-23
Target The New Home
Sector Construction
Buyer(s) Apollo Global Management
Deal Type Going Private
Deal Value 338M USD
Advisor(s) Citigroup Investment Banking (Financial)
Latham & Watkins (Legal)

Target

The New Home

Irvine, California, United States
The New Home Co. is a new generation homebuilder focused on the design, construction, and sale of innovative and consumer-driven homes in key markets across California, Arizona, and Colorado. The Company’s range of product offerings from entry-level up through luxury homes and communities have generated significant organic growth. As homebuilders continue to consolidate amid favorable supply and demand dynamics in the U.S. housing market, this transaction is designed to give the Company greater operational and financial flexibility to scale its platform while maximizing value for shareholders. The New Home Co. was formed in 2009 and is based in Irvine, California.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.

DEAL STATS #
Overall 111 of 140
Sector (Construction) 2 of 3
Type (Going Private) 24 of 31
State (California) 11 of 16
Country (United States) 79 of 101
Year (2021) 13 of 20
Size (of disclosed) 46 of 50
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-05 RDM Group

Milan, Italy

RDM Group is a producer of coated recycled carton board, the largest in Italy, France, and the Iberian Peninsula. RDM group’s portfolio of products includes mainly recycled cardboard, used mainly for packaging and folding cartons in all the major product sectors. RDM Group is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Lumen Technologies-ILEC Business

Monroe, Louisiana, United States

Lumens' ILEC (incumbent local exchange carrier) business, includes its consumer, small business, wholesale and mostly copper-served enterprise customers and assets. Lumen Technologies-ILEC Business is based in Monroe, Louisiana.

Buy $7.5B
Mergr

Product

Company

Legal