Berkeley DeVeer acquires leading homebuilder Avant Homes

Private developer Berkeley DeVeer has partnered with Elliott Advisors (UK) Limited (“Elliott Advisors”), an affiliate of global fund manager Elliott Investment Management, to acquire Avant Homes Group Ltd (“Avant Homes”), one of the UK’s leading private residential property developers. Avant Homes operates in high growth markets in the North of England and Scotland. Avant Homes currently has 60 live developments being delivered across five regions in the Midlands, Yorkshire, North East England and Scotland. It currently delivers approximately 2,000 homes each year, has a turnover of circa £500m and employs around 780 people. Berkeley DeVeer currently operates across Yorkshire and the North East of England. Under its new ownership, Avant Homes will continue to be led by the existing management team. As previously announced, COO Mark Mitchell will become CEO on May 1, replacing Colin Lewis, who will become Non Executive Deputy Chairman. Jeff Fairburn, currently CEO of Berkeley DeVeer, will become Chairman of Avant Homes.