Daiwa House buys 30% stake in Apollo-backed Miller Homes
APO•Miller Homes growth targets
Miller Homes targets annual output of 7,000 homes; it currently completes about 5,000 homes a year across the UK.
Apollo funds sell stake in Miller Homes to Daiwa House
Apollo-managed funds agreed to sell an approximately 30% stake in UK housebuilder Miller Homes to Daiwa House.
Apollo funds will remain the controlling shareholder; the deal is expected to close later this year, subject to approvals.
