Cripps advise on sale of South East based developer, Millwood Designer Homes

19 December, 2017
by: Cripps

Cripps has advised the shareholders of MDH (Group) Limited, owner of Millwood Designer Homes, on the sale of 50% of the company to Places for People.

Based in Tonbridge, Millwood Designer Homes is an award winning UK developer, building a range of individually designed homes throughout Kent, East Sussex and Surrey with an annual turnover of over £45,000,000.

Places for People, one of the largest property, leisure management and development companies in the UK, was already a significant stakeholder in MDH (Group) Limited, having acquired a 50% stake in the business in 2014. A deal which Cripps also advised on. This latest acquisition gives them 100% ownership of the company.

 

John Elliot, seller and Managing Director of MDH, commented: “We are very grateful to the team at Cripps, who took the time to understand our objectives and were able to deliver straightforward and commercial advice. They went the extra mile to ensure the deal completed to our tight timescales and were always approachable and very responsive, whatever the hour. We are delighted with the outcome of the transaction and having worked very successfully with Places for People over the past few years, I am very excited about the future for Millwood”.

 

The Cripps team was led by John Kirkwood and Katie Haylock who advised on all corporate aspects of the transaction together with Emma Saunders who provided employment advice.