Terra Firma teams up to buy Richborough Estates
Terra Firma’s Principal Capital Group, supported by Partners Group and the Hands Family Office, has bought a majority stake in Richborough Estates.
Established in 2003, Richborough Estates works with landowners to supply development land with planning consents. The current management team (pictured), led by founder and chief executive Paul Campbell, will retain a minority stake and continue to operate the business.
The move comes as the company sought further opportunities to pursue growth, with the trio of investors expected to provide skills and resources as well as ensure the continued alignment of interests with landowners and agents.
Terra Firma’s Principal Capital Group, supported by Partners Group and the Hands Family Office, has bought a majority stake in Richborough Estates.
Established in 2003, Richborough Estates works with landowners to supply development land with planning consents. The current management team (pictured), led by founder and chief executive Paul Campbell, will retain a minority stake and continue to operate the business.
The move comes as the company sought further opportunities to pursue growth, with the trio of investors expected to provide skills and resources as well as ensure the continued alignment of interests with landowners and agents.
To date, Richborough Estates has made £35m infrastructure contributions across its sites and has sold land that has brought 4,500 new homes.
Campbell said: “This investment from Terra Firma’s Principal Capital Group, the Hands Family Office and Partners Group is a vote of confidence in the business and I look forward to working with them to drive forward our strategy and ensure that we continue to fulfil our purpose of accelerating the delivery of new homes.”
Richborough Estates was advised by Savills Capital Advisors, KPMG and Gateley, while Terra Firma’s Principal Capital Group was advised by Addleshaw Goddard, Deloitte, Lichfields and Cushman & Wakefield.
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Photo: Richborough Estates (from left: Joe Thompson, Hadleigh Cohen, Richard Hands and David Thomas of Terra Firma’s Principal Capital Group, with Paul Campbell, Jonathan Bloor and James Bradshaw of Richborough Estates)
