PAI to buy K&B
20 March 2008
French private equity group PAI partners has agreed to buy the 49% share in French house builder Kaufman & Broad, currently owned by US residential builder KB Home. PAI will pay € 55 per share for the stake, valuing the transaction at € 600 million. PAI has said that following the deal with KB Home, which is subject to regulatory approval, it plans to fully acquire Kaufman & Broad. The company had sales of € 1,28 billion last year, and was ranked 66th in the 2006 edition of the CE-100, CE's ranking of Europe's largest construction companies.
STAY CONNECTED
Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.
CONNECT WITH THE TEAM
Neil Gerrard
Senior Editor, Editorial, UK - Wadhurst
Tel: +44 (0) 7355 092 771
E-mail: [email protected]
Catrin Jones
Deputy Editor, Editorial, UK – Wadhurst
Tel: +44 (0) 791 2298 133
E-mail: [email protected]