CPPIB provides mezzanine facility to develop U.K.'s Wembley Park
CPPIB Credit Investments, an affiliate of Canada Pension Plan Investment Board, has agreed to provide a £240 million ($406 million) corporate mezzanine development facility to Quintain, a development company backed by U.S. private equity firm Lone Star Funds. Funding provided by CPPIB forms part of a five-year £800 million facility that will support Quintain's development of London, United Kingdom's Wembley Park. Quintain, which acquired an interest in the park in 2002, aims to transform Wembley from an events destination into a neighbourhood.
15 November 2016•4 mins read
