Cheyne Capital sells shareholding in Elivia Homes

Cheyne Capital has sold its majority shareholding in independent housebuilder Elivia Homes (formerly Vanderbilt Homes) to funds advised by Octopus Investments.

Since it first invested in Elivia Homes in 2014, Cheyne has played an integral role in supporting the firm’s ambitious growth into one of the Southeast’s leading housebuilders. In the four years since Cheyne recommitted to its investment, Elivia has more than doubled its number of homes.

Octopus said it is planning to continue Elivia’s growth, with the aim of transforming it into a £250 million ($316 million) turnover business, delivering over 600 design-led and sustainable homes in aspirational locations per year.

“We are very proud of what has been achieved in our eight-year journey with Elivia Homes,” said Ravi Stickney, managing partner and CIO of Cheyne. “This has not been an easy environment for SME housebuilders, but together we have navigated the challenges posed by such major geopoli