GIC one of two investors to nab 71% stake in US trailer home manufacturer
The deal would value Yes Communities at over $2b.
Bloomberg revealed in a report that GIC Pte, Singapore’s sovereign wealth fund, is one of two investors in Yes Communities (stylised as YES! Communities). The deal values the U.S. manufacturer and owner of pre-fabricated homes at over $2 billion, according to a person familiar with the purchase.
“Affiliates of GIC and another unidentified investor acquired a 71 percent stake in closely held YES! from Stockbridge Capital Group LLC, according to a statement on the GIC website published Monday evening,” stated Bloomberg.
Read the full report here.