Private Equity group Bridgepoint is in talks to take over housebuilder Miller Homes.
According to a Sky News report, the parties are in on a sale, valuing it at more than £600m.
Miller Homes is based in Scotland and focuses on development outside London. Last year it built 2,380 homes, with an average selling price of £231,000, and saw pre-tax profits rise by 44% to £89.3m.
It is controlled by a division of Blackstone, GSO, with Lloyds and Coller Capital both controlling an interest in the housebuilder. During the financial crisis it came under the control of its lenders before being restricted and taken on by Blackstone in 2012.
GSO also owns Pret A Manger.
Sky said that a deal between Bridgepoint and Miller’s shareholders could emerge during the summer, though it also said a deal with another buyer could still emerge.
To send feedback, e-mail alex.peace@egi.co.uk or tweet @egalexpeace or @estatesgazette
