Private equity group Patron Capital Partners and Legal &amp; General have bought CALA Group from Lloyds Banking Group in a deal that values the housebuilder at £210 million.<br> <br> Each will take a 46.5% equity stake in the firm with the housebuilder's senior management team taking a 7% share. The deal consists of £140 million equity and £70 million debt. Patron is leading the investment and CALA will have representatives from both investors on its board.<br> <br> CALA's relationship with Lloyds will continue, with the bank providing a new five-year facility of £100 million.<br> <br> The housebuilder said that the investment from the two companies was a reflection of their confidence in the group's future and provided a "strong platform" for growth. <br> <br> CALA's ceo Alan Brown said: "Today's investment represents a significant step forward for CALA and we are now poised for the next phase of our growth. We have secured the backing of two highly respected investors who both share our vision for the business.<br> <br> "Having invested heavily in growing our land bank since 2010, we are now very well positioned to grow the business significantly over the next five years."