Teleios Capital Partners to sell 5% stake in Glenveagh Properties

DUBLIN - Investment firm Teleios Capital Partners LLC announced Tuesday its intention to sell approximately 5% of Irish homebuilder Glenveagh Properties plc through an accelerated bookbuilding process to institutional investors.

The seller, acting through Teleios Global Opportunities Master Fund, currently holds a 21.5% stake in Glenveagh, representing 113,897,285 ordinary shares. Following the transaction, Teleios will subject its remaining shares to a 150-day lock-up period, with certain customary exceptions.

J&E Davy, Jefferies International Limited, and Jefferies GmbH have been appointed as joint global coordinators and bookrunners for the placing. The bookbuilding process has commenced immediately, with pricing and allocation to be determined based on investor demand and market conditions.

Glenveagh Properties has confirmed its intention to participate in the placing by ordering at least 10% of the offered shares, in line with its current buyback program announced on June 27, 2025. The company stated that any shares it acquires through this process will be canceled.

The final size and price of the placing will be announced following the completion of the bookbuilding process. Teleios has reserved the right to increase the offering size depending on investor demand.

The transaction is being conducted as a private placement to qualified institutional investors in accordance with applicable securities regulations. No public offering is being made in the United States or other jurisdictions where such an offering would require registration or additional regulatory approvals.

This article is based on a press release statement issued by Jefferies International Limited.

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