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

Financials

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Transaction Value£905m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales15.6x
EV/EBITDA21.04x
Share Price Premium-
One Off Charge-

Sources

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Real Estate Holding and Development

investment

property development

United Kingdom

Public

Mbo

Completed

Friendly

Single Bidder

Private Equity

Synopsis

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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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