09 June 2022

Burges Salmon has advised funds advised by Octopus Investments on the acquisition of South East housebuilder Elivia Homes. 

Octopus Investments is part of Octopus Group, a group of innovative, entrepreneurial businesses investing in the people, ideas and industries that will help to change the world. Octopus manages more than £12.5 billion for both retail and institutional clients. Octopus Investments is a specialist investor in real assets, private credit and high-growth small businesses.

Octopus will provide growth funding to enable Elivia to expand its Central and Southern regions. Elivia Homes aims to grow into a £250 million turnover business and will construct more than 200 affordable homes per year for families and households in the region. The firm will also make a significant investment in new jobs, with an estimated 1,000 positions to be created in the business and across its supply chain in the next five years.

The cross-sector Burges Salmon team advising on the deal was led by Corporate partner Danny Lee, alongside Corporate team members including partner Nigel Watson, associate Martin Davidson, director Alex Lloyd, solicitors Ellie Shanahan and Chris Doherty, and trainee solicitor Helena Sewell. Members from the firm’s Real Estate team advising on the deal included partner Colin Ligman, director Will Hall, senior associates Christian Mulvihill and Alexia Aradipiotis, associates Shalini Jagmohan and Claire Underwood, and solicitors Claire Batty and Douglas Haycock. Members from the firm’s Banking and Finance team advising on the deal included partner Graham Soar, senior associate Nick Middleton and solicitor Jack Mitchell. Director James Green and associate Hannah Malone from the firm’s Employment team and director Nisha Kumar and solicitor Jenika Pankhania from the firm’s Commercial team also advised.

Danny Lee comments: “Octopus is a long-term investor that continues to back ambitious, experienced management teams to develop great companies across a range of critical sectors. This latest transaction is a significant and strategic move offering a clear path for expansion for Rory and the Octopus team.”

Key contact

Danny Lee

Danny Lee Partner

  • Mergers and Acquisitions
  • Private Equity
  • Joint Ventures

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