A property group which specialises in land promotion has been bought out. A majority stake in Richborough Estates has been acquired by Principal Capital Group, the London-based deal-sourcing arm of Terra Firma Capital Partners, private markets firm Partners Group and the Hands Family Office.
Richborough's current management team, led by founder and chief executive Paul Campbell, will retain a significant minority stake and continue to operate the business.
Established in 2003, Richborough works with landowners, including private individuals, companies, charities, trusts and estates departments at public sector bodies, to supply development land with consent that can easily be acquired and built upon by housebuilders.
