Cairn Homes is an Irish housebuilder founded in 2014 by Michael Stanley and Alan Macintosh. Cairn Homes raised €440 million in its IPO in June 2015, with three subsequent capital raisings totalling c.€280 million, with additional debt facilities of €250 million, which it has used to finance residential land acquisitions and development, predominantly targeting the Dublin market and commuter counties. Management is targeting delivery of at least 1,200+ units per annum by 2019, when fully operational, and has been very active since its IPO, with the acquisition of a core land bank in excess of c.12,700 units.