Daiwa House to Acquire a Significant Minority Stake in Miller Homes from Apollo Funds
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Strategic investment by a global construction and real estate partner to support continued growth of leading UK housebuilder NEW YORK and OSAKA, Japan, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that Apollo-managed funds ("Apollo Funds") have agreed to sell an approximately 30% minority stake in Miller Homes ("Miller Homes" or the "Company") to Daiwa House (TSE: 1925). Apollo Funds will remain the controlling shareholder in the Company. Established in 1934, Miller Homes is the largest private housebuilder in the UK, completing approximately 5,000 homes a year across England, Scotland and Wales. Since the Company's acquisition by Apollo Funds in 2022, Miller Homes has delivered significant growth and strengthened its operating model, driven by disciplined operational execution and the successful acquisition and integration of St. Modwen Homes. The strategic investment by Daiwa House will support the continued profitable growth of Miller Homes, providing additional resources and global construction and real estate expertise as the Company expands its multi-tenure model and progresses towards its target of delivering 7,000 new homes per year. Rajesh Jegadeesh and Peter Sinensky, Deal Team Leads at Apollo, said, "Miller Homes is one of the highest-quality businesses in the UK residential sector and we are proud of what the management team has built...
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