newsfilter
← Latest News
GlobeNewswire·

Daiwa House to Acquire a Significant Minority Stake in Miller Homes from Apollo Funds

  • Apollo-managed funds agreed to sell an approximately 30% minority stake in UK housebuilder Miller Homes to Japanese construction & real estate partner Daiwa House on September 17, 2026.
  • Apollo Funds will remain the controlling shareholder in Miller Homes following the transaction.
  • Miller Homes, established in 1934, is the largest private housebuilder in the UK, currently completing approximately 5,000 homes annually across England, Scotland, & Wales.
  • The strategic investment provides additional resources & global expertise to support Miller Homes' expansion of its multi-tenure model & target of delivering 7,000 new homes per year.
  • Since Apollo Funds acquired Miller Homes in 2022, the company has achieved significant growth through disciplined execution & the integration of St. Modwen Homes.
  • The transaction is subject to regulatory approvals & other closing conditions, with an expected closing later in 2026.
  • Rothschild & Co served as financial adviser to Apollo Funds & Miller Homes, while A&O Shearman & Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel.