Arrowpoint Advisory’s Management Advisory team have advised the Senior Management team of Beechcroft Group on the sale to The Carlyle Group.
Founded more than 35 years ago, Beechcroft, which was owned by management and Alchemy Partners, is one of the UK’s leading retirement developers with a high-quality portfolio of homes in Greater London and South East England. Beechcroft is one of the few fully integrated platforms in the sector and covers the entire development value chain including site sourcing, design and planning, construction, and sales.
The Carlyle Group is a global investment firm with $221 billion of assets under management across 389 investment vehicles as of June 30, 2020. Founded in 1987 in Washington, DC, Carlyle has grown into one of the world’s largest investment firms, with more than 1,800 professionals operating in 31 offices in North America, South America, Europe, the Middle East, Africa, Asia and Australia. Equity for the investment came from Carlyle Europe Realty (CER), a €540 million pan-European real estate fund
Commenting on the deal, Beechcroft Managing Director, Chris Thompson said: “With a rapidly ageing population and a structural undersupply of suitable housing options for older people, we believe there is huge potential for growth within the UK retirement market. Beechcroft has capability and experience across private housing for the elderly as well as in mixed-use / mixed-tenure schemes. We are delighted to have received the backing of The Carlyle Group to take the company forward into the next phase of its development and growth.”
He went on to add: “Arrowpoint Advisory has been immensely helpful, guiding us through the process. We worked closely with members of the Advisory team who were a pleasure to deal with; professional, pro-active and very approachable.”
Jamie Hutton, Assistant Director at Arrowpoint Advisory, added: “It was a pleasure to also work alongside the Rothschild & Co team who led on the sell-side. The management team now has another strong financial partner to pursue its growth ambitions and aligned incentives to benefit from the future upside.”
Simon Cope-Thompson, Managing Director at Arrowpoint Advisory, concluded: “We are delighted to have been able to work with Chris and the rest of the management team on this transaction. We are confident that with the backing and support of The Carlyle Group Beechcroft will be in a strong position to expand and extend its established market position.”
The transaction provides another successful completion for Arrowpoint Advisory’s growing Management Advisory practice, providing independent advice to management teams in M&A.