Announced
Completed
Financials
Sources
Tags
Real Estate Holding and Development
investment
property development
United Kingdom
Public
Mbo
Completed
Friendly
Single Bidder
Private Equity
Synopsis
Lone Star Funds acquired Quintain Estates and Development, a British-based property investment and development business, for $1.1bn. The cash bid of 131 pence a share is about 22% above Quintain’s closing price. “The proposed acquisition represents a unique opportunity for Lone Star to gain further exposure to residential and commercial assets in London,” said Angus Dodd of Lone Star Europe Acquisitions LLP.
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