Leading affordable housing provider Westleigh receives growth capital investment
Westleigh Partnerships Ltd (Westleigh), a leading affordable housing provider, has announced it has secured growth capital investment from Palatine Private Equity. The transaction, which is worth €78m, was introduced by Clearwater International.
Established in 1985 by Chris and Judy Beighton, Westleigh is one of the largest housebuilders focusing on the delivery of affordable homes to Registered Providers (RPs). In line with growing demand, the company anticipates sales will rise to approximately €200m by 2018. Westleigh currently employs over 300 staff.
Palatine will support the company as it continues to tap into a flourishing affordable housing market. Palatine partner Gary Tipper and investment director Richard Thomas will join the board as Non-Executive Directors.
The business will continue to be led by Ian Jones as managing director with founder Chris Beighton as chairman.