Linden North West sold in management buy-out

March 30, 2005
The Linden Homes Group has sold Linden Homes North-West to the local management team, in a deal worth more than £17 million. The MBO team was led by Andy Brown and supported by John Cosgrave, formerly md of Alfred McAlpine Homes North-West. Philip Davies, group chief executive said: "The North-West Company was started by the Group in 1994 and has firmly established itself as a key regional player. However, it is disconnected from all the other regions and so a management buyout from Andy Brown was felt to be the most sensible option. "We wish him and his colleagues every success. For the next two years they will retain the Linden name and maintain their presence on our website."

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