 | |
| Industry | house-building |
|---|---|
| Predecessor | Kier Living |
| Founded | June 1, 2021 [1] |
| Headquarters | Solihull, West Midlands, UK |
Key people | Andrew Hammond (MD) [2] Mark Dilley (CFO) |
| Owner | Terra Firma Capital Partners |
Number of employees | 380 (2024) |
| Website | www |
Tilia Homes (formerly Kier Living, part of the Kier Group) is a British housebuilding company.
Following a failed rights issue in late 2018, financially troubled Kier Group began an extensive restructuring, debt reduction, cost-cutting and disposals programme in 2019, and, after significant interest in its housing division Kier Living, said it had started the sale process; [3] Guy Hands' Terra Firma Capital Partners was later reported to be among the bidders. [4] Sale of the business was slowed by the COVID-19 pandemic in the United Kingdom but by early 2021, it had progressed, with Kier hoping to receive around £100m for the business. [5]
On 6 April 2021, Sky News confirmed that Kier Living would be sold to Terra Firma, [6] for £110m, subject to agreement at a meeting of Kier shareholders in early May, with completion expected by mid-June 2021. [7] Kier Living was bought by a new company owned by Hands, [8] and was rebranded as Tilia Homes in May 2021. [1] [9] The business completed over 1,100 private and affordable homes in the year to June 2020. [1] [9] It built 1,450 homes across its central, eastern, northern and western regions in the year to June 2021. [2]
In July 2021, Terra Firma bid £700m to buy Keepmoat Homes with a view to combining it with its former Kier Living business. [10] Keepmoat was subsequently acquired by Aermont Capital. [11]
Guy Hands is an English financier and investor. He is most notable as the founder and former chairman of Terra Firma Capital Partners, one of the largest private equity firms in Europe. Hands also served as chairman of the UK music company EMI.
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Terra Firma Capital Partners Ltd. (TFCP) is a UK-based private equity firm. Financier Guy Hands founded the firm in 2002 through the spin-off of Nomura Principal Finance Group. The firm, which traces its roots to the formation of its predecessor in 1994, has invested over €14 billion since inception.
Kier Group plc is a British construction, services and property group active in building and civil engineering, support services, and the Private Finance Initiative.
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Tim John Robert Pryce is a British businessman and previous CEO of Terra Firma Capital Partners, a leading European private equity investment firm, and one of its founding members. Pryce is also on the board of the General Partners as well as part of Terra Firma's management committee. Pryce is reported to be the highest paid director at the firm.
Cala Group (Holdings) Limited is a British housebuilding company headquartered in Edinburgh, Scotland.
Keepmoat Homes Ltd is a housebuilding company in the United Kingdom that provides private homes for sale. Its headquarters are in Doncaster.
Andrew Oswell Bede Davies is a British businessman, and CEO of Kier Group.
Tilbury Douglas is a British construction business with its head office in London.
Ilke Homes was a UK housebuilder specialising in modular homes for both social housing and for open market sale and private rental. Established in 2017, it went into administration in June 2023, owing £320 million and making over 1,100 workers redundant.
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