News
MRH GB acquired by Lone Star
Dallas-based Lone Star is a global private equity firm that invests in real estate, equity, credit and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organised fifteen private equity funds with aggregate capital commitments totalling approximately $60 billion.
As the activities of MRH, which owns and operates fuel service stations in the UK and the Channel Islands, do not overlap with those of Lone Star, the Commission therefore concluded that the proposed acquisition would raise no competition concerns. The transaction was examined under the simplified merger review procedure.
In recent years Lone Star has also acquired 89 ‘distressed hotels’ and has since revealed plans to bring these UK hotels together to form a £1 billion company, trading under the name Amaris. The company plans to spend £100 million in renovating the hotels which are in ‘great locations.’
FOR MORE ON THE UK RETAIL MARKET – SEE INSIDE OUT IN THE FEBRUARY 2016 ISSUE OF FUEL OIL NEWS – OUT SOON!
www.mrhgb.co.uk
www.lonestarfunds.com