Kaufman & Broad S.A.

Kaufman & Broad S.A. is a French real estate development and construction company headquartered in Neuilly-sur-Seine. The company develops and builds several forms of property, including single-family homes, apartments, accommodation facilities and office space. Its operations are conducted through a network of subsidiaries serving the French property market. The business was created in 1968 and delivered its first homes in 1970. Its early history included activity in the United States, including the Peppertree development in Northridge, California, in 1968. Over time, the company expanded through acquisitions, building a broader development and construction platform. It later became associated with KB Home, the American homebuilding company, as a subsidiary. Kaufman & Broad was listed on the Paris Bourse in 2000. A significant ownership change followed in May 2007, when KB Home sold the company to the private equity firm PAI Partners for €601 million. This transaction ended Kaufman & Broad's status as a KB Home subsidiary while preserving the operating identity of the French business. The company is particularly associated with housing development in and around the Paris region, where it has been described as Paris's largest homebuilder. Its business model combines land and project development, construction, and the marketing and sale of completed or planned properties. The portfolio spans individual houses and multi-unit residential buildings, with additional activity in accommodation and office projects. The available reference material identifies Guy Nafilyan as president. No current corporate website, detailed recent financial information, complete executive history, or comprehensive list of branded housing programs is established in the supplied sources. Accordingly, Kaufman & Broad is best characterized as an active French property-development company whose historical identity rests on residential construction, expansion through acquisitions, public-market listing, and separation from its former American parent.

Kaufman & Broad was created in 1968 and began delivering homes in 1970. The company originated with housing-development activity that also included the Peppertree project in Northridge, California, in 1968. Its early work established the residential-development base that remained central to the business. The company subsequently expanded through a series of acquisitions. These acquisitions broadened its operating platform and contributed to the development of a multi-subsidiary structure covering property development and construction. Although its later identity became closely associated with France, its historical development included a connection to the United States through its earlier projects and its relationship with the American homebuilding group KB Home. Kaufman & Broad was listed on the Paris Bourse in 2000. The listing marked an important transition from a privately organized development business to a publicly traded real estate company. The company continued to operate across several property categories, including single-family homes, apartments, accommodation facilities and office space. A major ownership transition took place in May 2007. KB Home sold Kaufman & Broad to PAI Partners, a private equity firm, for €601 million. The transaction separated Kaufman & Broad from its former American parent and transferred ownership to a financial investor. The company remained a distinct French property-development and construction business after the sale. The company's headquarters are in Neuilly-sur-Seine. It has been described in the supplied reference material as Paris's largest homebuilder, reflecting the importance of the Paris-area residential market to its identity. Its activities are carried out through multiple subsidiaries and combine development, construction and the delivery of housing and other real estate projects. The available historical material provides limited detail about later operating performance, specific development names, advertising campaigns, recent acquisitions or changes in ownership after the PAI Partners transaction. It does, however, establish the principal trajectory of the company: creation in 1968, first home deliveries in 1970, growth through acquisitions, Paris-market residential prominence, public listing in 2000, and divestment by KB Home in 2007.

• 2007

  Sale by KB Home to PAI Partners

  [1]Kaufman & Broad S.A.en.wikipedia.org

  KB Home sold Kaufman & Broad to PAI Partners in May 2007 for €601 million.

• 2000

  Paris Bourse listing

  [1]Kaufman & Broad S.A.en.wikipedia.org

  Following expansion through acquisitions, Kaufman & Broad was listed on the Paris Bourse.

• 1970

  First homes delivered

  [1]Kaufman & Broad S.A.en.wikipedia.org

  The company delivered its first homes, establishing its residential-development and construction operations.

• 1968

  Company created

  [1]Kaufman & Broad S.A.en.wikipedia.org

  Kaufman & Broad was established, with early housing activity including the Peppertree development in Northridge, California.

A large French property developer and builder with a strong residential focus, particularly in the Paris market, complemented by accommodation and office developments.

• Residential real estate

  Single-family homes

  Kaufman & Broad develops and constructs individual houses as part of its residential property portfolio. The category reflects the company's historical homebuilding base and includes planned housing developments delivered through its operating subsidiaries. The supplied sources do not identify specific current models, sub-brands or standard specifications.

• Residential real estate

  Apartment developments

  Apartment projects are a major part of Kaufman & Broad's development activity. These projects involve the planning, construction and sale of multi-unit residential buildings, particularly in the Paris-area market with which the company is strongly associated. No specific development series is identified in the supplied reference material.

• Hospitality and accommodation real estate

  Accommodation facilities

  The company also operates in accommodation-related real estate. This activity broadens its portfolio beyond conventional owner-occupied housing and may involve the development and construction of facilities intended for lodging or other accommodation uses. The available source does not specify individual properties or operating brands.

• Commercial real estate

  Office-space developments

  Office space is another sector named in the company's activities. Kaufman & Broad develops and constructs office-oriented projects alongside its residential business, giving it exposure to commercial property development. The supplied sources do not provide project names, locations or current revenue proportions for this segment.

• 2007

  Divestment from KB HomeM&A

  Background

  Kaufman & Broad had operated as a subsidiary of the American homebuilding company KB Home. KB Home decided to sell the French property-development business in May 2007.

  Action taken

  KB Home sold Kaufman & Broad to the private equity firm PAI Partners for €601 million.

  Aftermath

  The transaction transferred ownership of Kaufman & Broad to PAI Partners and ended its direct status as a KB Home subsidiary. The supplied sources do not detail subsequent ownership changes or operational effects.

  Transaction value. €601 million sale consideration (May 2007)

  Source

1. 1Kaufman & Broad S.A.en.wikipedia.org