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Collected Strategies handles Landsea Homes Corp. as it gets acquired by New Home Co. in an all-cash deal valued at $1.2B.
The combined company will be privately held and rank as a Top 25 national homebuilder in fast-growing markets in Arizona, Texas, Colorado, Florida, Washington and California.
Matthew Zaist, CEO of New Home, said the Landsea deal is the next step in the company’s long-term growth. “By bringing together two highly complementary businesses and teams with shared customer-first values, we will further scale our platform nationally and help even more buyers realize the dream of homeownership,” he said.
John Ho, CEO of Landsea, said the transaction “will deliver immediate cash value to our stockholders at a significant premium and provide us with a strong, well-capitalized partner to accelerate our next phase of growth."
The $11.30 per share takeover offer is a 61 percent premium over Landsea’s May 12 closing price.
New Home is a portfolio company of Apollo Global Management.
Collected Strategies has Nick Lamplough, Jude Gorman, Clayton Erwin and Olivia Sherman working the deal on behalf of Landsea.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a committment from Koch Equity Development to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
Joele Frank handles C.H. Robinson Worldwide as the freight transportation company acquires RXO Inc. in a stock and cash transaction pegged at $5.8B to create a company with an enterprise value of more than $25B.
