Jamieson is delighted to announce that it has advised the management team of Miller Homes on the acquisition of the company by Bridgepoint.
Miller is the largest non-listed UK housebuilder with a strong regional focus through its three divisions: Midlands & South, North of England and Scotland. The company completed 2,380 homes in 2016 and reported revenues of £565m and operating profit of £103m for the year to 31st December 2016.
The transaction is worth a total of £655m and will see GSO exit its investment in the business having originally acquired a majority stake in 2012.
The Jamieson team led by Ian Jamieson, Jonny Jones, Stephen Maxwell and Gus Gayford advised Chris Endsor and his team on their reinvestment in the new structure and the management equity incentive plan to be implemented under Bridgepoint’s majority ownership.