M&A Deal Summary

Terra Firma Capital Partners Acquires Annington Homes

On November 19, 2012, private equity firm Terra Firma Capital Partners acquired real estate company Annington Homes from Nomura Holdings for 3.2B GBP

Acquisition Highlights
  • This is Terra Firma Capital Partners’ 2nd transaction in the Real Estate sector.
  • This is Terra Firma Capital Partners’ 2nd largest (disclosed) transaction.
  • This is Terra Firma Capital Partners’ 23rd transaction in the United Kingdom.

M&A Deal Summary
Date 2012-11-19
Target Annington Homes
Sector Real Estate
Buyer(s) Terra Firma Capital Partners
Sellers(s) Nomura Holdings
Deal Type Divestiture
Deal Value 3.2B GBP

Target

Annington Homes

London, United Kingdom
Annington Homes is a private owner of residential property. Annington’s portfolio is unique in the privately rented sector. While our homes range in style and size from one bedroom apartments through to eight-bedroom houses. Annington Homes was founded in 1996 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Terra Firma Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
PE ASSETS 18.0B 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 33 of 39
Sector (Real Estate) 2 of 5
Type (Divestiture) 1 of 2
Country (United Kingdom) 23 of 26
Year (2012) 5 of 5
Size (of disclosed) 2 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-03 Cléor S.A.

Cedex, France

Cleor operates a network of 77 jewellers located in shopping centres across France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-02 Phoenix

Belfast, United Kingdom

Phoenix operates a gas conveyance (transmission and distribution) network under a monopoly license in Northern Ireland.

Sell -

Seller(S) 1

SELLER

Nomura Holdings

Tokyo, Japan
Category Company
Founded 1925
Sector Financial Services
Employees26,850
Revenue 1.38T JPY (2024)
DESCRIPTION

Nomura Holdings is engaged in investment and financial services business with a focus on securities business. The Company's business operations include financing, asset management, securities trading and brokerage, underwriting and sale of securities, private placement of securities, own funds Investment activities, and other securities and finance-related activities. Nomura Holdings was founded in 1925 and is based in Tokyo, Japan.

DEAL STATS #
Overall 3 of 3
Sector (Real Estate) 1 of 1
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-21 Skylark

Musashino, Japan

Skylark is a family restaurant operator in Japan, with some 4,400 outlets. Skylark's restaurant brands are highly recognized throughout Japan although relatively unknown overseas. Skylark was founded in 1962 and is based in Musashino, Japan.

Sell $2.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-29 Orion Breweries

Tomigusuku-shi, Japan

Orion Breweries is manufacturing beer products mainly sold in Okinawa market and running two hotel businesses. Orion Breweries was founded in 1957 and is based in Tomigusuku-shi, Japan.

Buy -
Mergr

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