Apollo Funds to Sell Minority Stake in Miller Homes to Daiwa House

Paul, Weiss is advising Apollo-managed funds on the financing and antitrust aspects of the sale of an approximately 30% minority stake in their portfolio company Miller Homes, one of the largest privately owned UK housebuilders by annual completions, to Japanese construction and real estate company Daiwa House. The transaction, announced on September 17, is expected to close later this year, subject to closing conditions and regulatory approvals. Financial details were not disclosed.

The Paul, Weiss team is led by corporate partners David Carmona and Matthew Friedman, and antitrust partners Annie Herdman and James Parkinson, and includes corporate counsel Caitlin Ludwigsen.