Daiwa House buys about 30% stake in Miller Homes from Apollo funds

Daiwa House agreed to buy an approximately 30% minority stake in Miller Homes from Apollo-managed funds.

Apollo funds will remain the controlling shareholder, leaving management, strategy, capital structure, brands and operations unchanged.

The deal positions Daiwa House as a long-term strategic partner, adding global construction and real estate expertise alongside Apollo backing.

The transaction is expected to close later this year, subject to regulatory approvals and other closing conditions.