BDB Pitmans assist leading property developer with sale
BDB Pitmans has assisted the parent company of Elivia Homes Group, Elivia Holdings Limited (Elivia), a leading housebuilder in the South East, in securing a sale to funds advised by Octopus Investments. The funding is expected to enable Elivia Homes to expand its central and southern regions to deliver over 600 design-led and sustainable homes on an annual basis and to create 1,000 new jobs in the business and across its supply chain over the next five years.
Elivia Homes will continue to be run by the existing senior leadership team including CEO Chris Chiles, COO Kamal Grewal and CFO Iain Brown.
Elivia Homes, which previously traded as Vanderbilt Homes and Crayfern Homes, has been a heavyweight in the housing sector for over twenty years. The company focuses on design-led, sustainable homes in aspirational locations across the South East. As well as focusing on improving the biodiversity and energy efficiency of its housing schemes, Elivia delivers sustainable development by investing in innovative fabric-first design and offsite building methods.
BDB Pitmans’ corporate team was led by Stephanie Perry with assistance from Oliver Pilkington, Angelina Mikelova, Daniela Munro, Delphine Mehouas (property), Caroline Yarrow (employment) and Alex Barnes (tax).
Additional support was provided by KPMG (corporate finance), BDO (auditors and tax advisers) and Blick Rothenberg (tax advisers on pre-completion reorganisation).
Stephanie Perry commented:
‘With Elivia expected to construct over 200 quality affordable homes annually for families and households facing the challenges created by the UK’s housing crisis, it was a pleasure to support a long-term client of the company known for its strong sustainability ethos. This was a complex deal and we are thankful to all parties for their support in bringing this matter to a successful conclusion.’
Chris Chiles, chief executive of Elivia Homes, concluded: