Cala announces new ownership as Legal & General agrees on sale with Sixth Street and Patron

Cala Group, a U.K. housebuilder, has been signed by Sixth Street Partners and Patron Capital, the Pan-European institutional investor focused on property-backed investments, to acquire the company from Legal & General Group Plc.

Cala is a provider of high-quality new homes across the South of England, the Cotswolds region and Scotland. The company is on track to deliver about 3,000 new homes this year.

The sale has an enterprise value of £1.35 billion ($1.8 billion) and is expected to complete in fourth quarter 2024.