Cindat Capital Management/Aprirose £525 million acquisition of QHotels Group

3/10/2017

Private acquisition

Value:

£ 525 million

Dollar value:

$ 687 million

Status:

Announced

Date:

3/10/2017

Overview:

Cindat Capital Management and Aprirose have acquired QHotels Group for £525 million.
Both companies will each own 50% of the company.
This is the largest UK deal in the hotel sector this year.
The deal proves the recent trend of Chinese companies making real estate acquisitions in the United Kingdom with similar deals including - GI Partners £250 million sale of Aldwych House; NorthStar Realty Europe/China Resources Land £300 million acquisition of 20 Gresham Street, London.

Katrin Kostadinova - Data analyst

Jurisdiction:

United Kingdom

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

England and Wales

Industry sectors:

Consumer goods and services
Real estate
Tourism

Firm:

DLA Piper

Party: QHotels Group (Target)

Lawyer: Andrew Clarke

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