The New Home Company and Apollo announce the completion of the acquisition of The New Home Company by funds managed by Apollo subsidiaries. The owners of approximately 30% of The New Home Co. The common stock has agreed to offer its shares to Apollo pursuant to the tender offer pursuant to the terms of a support agreement. Citigroup Global Markets acts as exclusive financial advisor and Latham & Watkins acts as legal counsel to The New Home Co.
Paul, Weiss, Rifkind, Wharton & Garrison acts as legal counsel and J, P. Morgan Securities acts as financial advisor to Apollo Global Management.