Transactions - JULY 27, 2021

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Apollo Global Management acquires The New Home Co.

by Andrea Zander

The New Home Co. (NWHM) and funds managed by affiliates of Apollo Global Management have entered into a definitive merger agreement pursuant to which the Apollo Funds have agreed to acquire the company in an all-cash transaction for $338 million.

“As consumer demand for new homes accelerates amid limited supply, we continue to see exciting opportunities to invest in the residential housing market,” said Peter Sinensky, partner at Apollo.

Upon the completion of the transaction, NWHM will become a privately held company and shares of NWHM common stock will no longer be listed on any public market.

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