Private equity investment firm Terra Firma has acquired east-Anglia-based housebuilder Hopkin Homes for an undisclosed sum

The acquisition is the latest move by the firm into UK housebuilding following its purchase last year of Kier’s housing business for £110m. The firm, which was founded by billionaire investor Guy Hands and is now one of Europe’s largest private equity firms, was also linked with Keepmoat before its eventual sale to Aermont.

Hopkins Homes, which last year made a profit of £34.5m on turnover of £194.3m, will continue to be run by current group managing director Lee Bernard.

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