Lone Star Funds acquired Quintain Estates and Development for $1.1bn

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.