Browning West issues statement of support for merger of Countryside Partnerships plc and Vistry Group plc

LONDON–(BUSINESS WIRE)–Browning West, LP (“Browning West” or “we”), which owns approximately 15.3% of the outstanding shares of Countryside Partnerships plc (“Countryside” or the “Company”), today released the following statement in support of the recently announced business combination between Countryside and Vistry Group plc (“Vistry”).

Usman Nabi, Founder and Chief Investment Officer of Browning West, said:

“We strongly support the merger between Countryside and Vistry, which we believe will create significant long-term value for Countryside shareholders. We believe this transformational combination will not only establish an exceptional partnerships business, with high return on capital, high growth prospects and strong executive leadership, but it will also position the company to respond more effectively to the acute housing shortage. affordable in the UK. After the merger, the Partnerships and Housing Construction segments will have substantial scale and resources, which will create the possibility of separating each division in the future. »

Nabi continued:

“Greg Fitzgerald has one of the best track records of operational performance and value creation in the UK housing construction industry, and we have great confidence in his ability to successfully integrate Countryside and lead the combined company as it continues to grow. Greg and his team are well qualified to seize the latent potential of Countryside’s business and generate significant operational synergies between the two companies. We are delighted to remain shareholders in the future.

About Browning West, LP

Browning West is an independent investment partnership based in Los Angeles, California. The partnership uses a focused, long-term and fundamental investment approach and primarily focuses on investments in North America and Western Europe.

Browning West seeks to identify and invest in a limited number of high quality companies and retain those investments for several years. Backed by a select group of leading foundations, family offices and university endowments, Browning West’s unique capital base allows it to focus on building long-term value in its portfolio companies.