Legal & General (L&G) has reached an agreement to sell Cala Homes to private equity firms Sixth Street Partners and Patron Capital for an enterprise value of £1.35 billion. L&G is set to receive £1.16 billion in cash from the transaction. This sale marks a significant move in the UK housing market, as Cala Homes sold approximately 3,000 homes last year. Notably, Patron Capital previously owned Cala alongside L&G, having sold it in 2018 for £605 million. This latest deal indicates a growing interest among private equity firms in the residential real estate sector, particularly in the wake of increasing demand for housing in the UK. [6c337451]