Japan’s Sekisui House To Acquire Woodside Homes
Builder Online
By John McManus –
The owners of Woodside Homes have agreed to sell the 40-year old entity, ranked 27 in the Builder 100, to Japan’s largest home building enterprise Sekisui House in a deal with an estimated value in excess of $468 million. The transaction–which transfers ownership of all shares of the company including equity interests of BUILDER parent-company Hanley Wood majority owners Oaktree AC (35.7%), Stonehill Institutional Partners (33.4%) and 12 other “owners” whose stakes total 30.9%–is set to close March 1.
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