House builder Chartway sold to private equity firm

It is Cabot Square’s most current significant go in the construction sector next its acquisition last yr of a bulk shareholding in offsite professional Leading Modular.

Keith Maddin, Lover at Cabot Square, reported: “Chartway Team is a top South-East England centered partnerships housebuilder with turnover in surplus of £100 million and a observe document of developing profitability 12 months on 12 months due to the fact they have been founded in 2009.

“We specifically like their cash-gentle and vertically built-in business enterprise product as very well as the chance to assistance deal with the shortage of lower carbon vitality effective housing.

“Their capability to get the job done across all tenures of housing indicates they are nicely positioned to adapt to switching market problems above time”

Ian Savage, Chartway Team founder, actions up to develop into Chairman and together with a variety of the Chartway senior executives, will continue being a major shareholder.

Savage mentioned: “We are extremely happy that Cabot Square has recognised Chartway’s progress to day and their financial commitment and system constructing experience will assist us carry on in our subsequent period of progress. This also signifies a great chance for our team and prospects.”