Cairn Homes raises €440 million in IPO
28 January 2022
Goodbody acted as joint global coordinator on placing and open offer and as bookrunner on placings.
Building & Real estate
June 11 2015
Cairn Homes is an Irish housebuilder founded in 2014 by Michael Stanley and Alan Macintosh. Cairn Homes raised €440m in its IPO in June 2015, with three subsequent capital raisings totalling c.€280m, with additional debt facilities of €250m, which it has used to finance residential land acquisitions and development, predominantly targeting the Dublin market and commuter counties. Management is targeting delivery of at least 1,200+ units per annum by 2019, when fully operational, and has been very active since IPO, with the acquisition of a core land bank in excess of c.12,700 units.