Housing developer Sigma Capital Group, which recently agreed to be bought by a new subsidiary of a private equity real estate fund manager whose portfolio includes three hotels at Disneyland Paris, increased its revenue and pre-tax profits during the first half of its financial year.
The Edinburgh-headquartered group, which also has bases in Manchester and London, has confirmed its revenue increased to £6.6m in the six months to March 31, 2021, compared to £5m during the same period in 2020.
Its pre-tax profits also rose from £1m to £4.1m over the same period.
A total of 956 new homes were delivered during the six months, taking the group's total portfolio to 3,590 as of March 31, 2021.
The figures come after the group announced it had agreed terms to be taken over by PineBridge Benson Elliot LLP for £188.4m.
Sigma, which is listed on the London Stock Exchange, said its board and that of Six Bidco Ltd - the entity through which PineBridge funds will make the acquisition - have agreed on the terms of conditions of an offer of 202.1p a share.
Chief executive Graham Barnet said: "These results reflect Sigma's continuing good progress.
"The recent offer for Sigma by PineBridge Benson Elliot LLP was unanimously recommended by Sigma's independent directors as in the best interests of staff, partners and shareholders as a whole, and is now following due process."
