The London Private Equity and Real Estate teams advised TowerBrook Capital Partners (“TowerBrook”) and its affiliated funds in connection with the sale of a stake in real estate lending platform Precede Capital Partners (formerly known as Précis Capital Partners) to affiliates of QuadReal. TowerBrook, Precede’s founding institutional shareholder, will retain a significant shareholding.
In addition, TowerBrook, QuadReal and Precede Capital Partners formed a joint venture with plans to commit up to £1 billion to deploy into development loans.
TowerBrook is a purpose-driven, transatlantic investment firm headquartered in London and New York that works to grow and improve large and middle-market businesses by partnering with management teams and employees to build companies that make a positive impact on society.
QuadReal is a global real estate investment, operating and development company headquartered in Vancouver, British Columbia.
Precede Capital Partners is a residential development fund which has originated and arranged £1.5bn worth of loans to finance the construction of residential properties.
The Goodwin team was comprised of Carl Bradshaw, Justin Cornelius, Charles Elsom, Stefania Athanassopoulou, Sonja Jounus, Dulcie Daly, Nathan Langford, and Sarah Jordan.
Goodwin also advised TowerBrook on the establishment of Precede Capital Partners under its former brand name Précis Capital Partners in 2021.
For more details, read the coverage in IPE Real Assets.