News

A&O Shearman advises Lone Star and Quintain on GBP755 million deal

Published Date
Aug 2 2024
A&O Shearman advised Lone Star on its partnership with Ares Management on a GBP755 million preferred equity investment into Quintain, the development and asset management company which owns and manages the Wembley Park estate in London.

Quintain has transformed the Wembley Park estate in London into a premier mixed-used neighbourhood, with around 5,000 homes, leading retail, modern office space, and acres of parks and pedestrianised public realm.

Lone Star is a leading private equity firm advising funds that invest globally in real estate, equity, credit and other financial assets. Quintain is currently owned by funds managed by Lone Star, and Lone Star’s funding partnership with Ares Management, a global alternative investment manager, marks a significant development in the evolution of the Wembley Park estate’s development.

The cross-practice team was led by Private Equity Peter Banks alongside senior associate James Funder, with financing advice provided by real estate finance partner John Coburn and tax advice by partner James Burton.