Deal is the sixth acquisition for the building and property management company over the past year
Acquirer had originally invested alongside Epiris in the acquisitions of both companies
Texas-based private equity firm intends to exit the Spanish home builder after a two-year ownership period
Funding for the project includes £1.6m of equity from a syndicate of investors
Both firms have been invested in the group since 2011, and have been sole shareholders since 2014
Real estate group was one of the last assets remaining in the GP’s fully invested €150m second fund
MML first backed the Scottish property asset management company in August 2014
Debt-free nature of deal allowed GP to reap annual dividends since 2007
Transaction features equity injection and convertible bonds
GP's investment in company valued at £26m in Q1 2015
Lone Star plans to accelerate development of Wembley Park
Explosion of infrastructure and real estate investments in Spain spell good news for PE
GP hires Edouard Fernandez, Rob Racking and Fredrik Elwing
Westbrook Partners' recent acquisition of housing estate highlights need to think about impact
Two firms bought Foncia in May 2011 for 10.5x EBITDA
Acquisition forms part of company's UK buy-and-build strategy
The investment will be used to fuel Lomond's buy-and-build strategy.
House builder will accelerate growth plans with purchase of Banner Homes
Howzat Partners, MMC Ventures, Forward Investment Partners, Playfair Capital, Ballpark Ventures and Miroma Ventures have backed online platform for short-term retail-space letting firm Appear Here with £1m.
Texas Pacific Group (TPG) has acquired a 51% stake in Servihabitat Gestión Inmobiliaria from La Caixa for €185m, according to reports in the Spanish press.
The European Commission has granted Blackstone the option to wholly purchase Netherlands-based Multi Corporation, a commercial real estate developer specialising in shopping centres.
Bridgepoint and TPG are among a number of investors considering the acquisition of a 50% stake in Spanish real estate firm Servihabitat Gestión Inmobiliaria, according to reports.
Cerberus Capital Management has bought a portfolio of 10 German shopping centres through an auction, according to reports.
German housing company Deutsche Annington Immobilien (DAI), which is backed by Terra Firma Capital Partners, has reportedly postponed its €1.1bn IPO on the Frankfurt Stock Exchange due to low investor demand.