House builder Chartway sold to private equity firm

It is Cabot Square’s most up-to-date main move in the development sector subsequent its acquisition very last year of a the vast majority shareholding in offsite professional Premier Modular.

Keith Maddin, Partner at Cabot Sq., said: “Chartway Team is a top South-East England centered partnerships housebuilder with turnover in excessive of £100 million and a observe history of increasing profitability 12 months on yr considering that they ended up founded in 2009.

“We particularly like their funds-gentle and vertically integrated small business model as nicely as the opportunity to support address the scarcity of small carbon vitality productive housing.

“Their ability to operate throughout all tenures of housing means they are well positioned to adapt to shifting marketplace disorders about time”

Ian Savage, Chartway Group founder, measures up to come to be Chairman and alongside with a amount of the Chartway senior executives, will remain a sizeable shareholder.

Savage reported: “We are incredibly happy that Cabot Sq. has recognised Chartway’s development to day and their investment decision and system developing encounter will support us continue on in our up coming stage of development. This also represents a great option for our workers and prospects.”