Addleshaw Goddard has advised Mount Anvil, central London’s specialist residential property developer, on a £200 million partnership with leading global alternative asset manager Ares Management to purchase new sites and build more, much-needed homes in Central London. The Pears Family has participated in the refinancing of certain of the existing Mount Anvil facilities.
Founded in 1991, Mount Anvil is an award-winning, owner-managed business that develops high-quality homes in Central London. In that time, Mount Anvil has built approximately 5,000 London homes, and since 2010, Mount Anvil and Ares Management have partnered on 10 residential projects throughout central London, including Lexicon and The Eagle on City Road (EC1) as well as The Filaments in Wandsworth (SW18).
Killian Hurley, Chief Executive, Mount Anvil, said:
“This agreement shows a real vote of confidence in the Mount Anvil brand and team, and gives us even greater fire-power as we look to create more, high-quality Central London homes.
The decision to continue our relationship with Ares reflects the close alignment of our values, the trust we’ve developed over the past four years and Ares’ track record of adding value to our business. The addition of The Pears Family adds a reputable financial partner and will further enable us to execute our ambitious business plan.”
Mike Hinchliffe, a partner in the Private Equity team at Addleshaw Goddard commented:
“Mount Anvil is an exciting and rapidly expanding business that we have advised on numerous previous developments and fundraisings. We are delighted to have helped deliver this strategic deal, which reinforces their market position as a driving force in the central London, high quality, residential property market”.
Addleshaw Goddard’s Real Estate M&A specialist Simon Wood added:
“This deal underlines that strong demand for quality central London residential property from homebuyers and investors alike will continue. The financial backing Mount Anvil has received will grow its strong brand – which increasingly will become a key differentiating factor in this successful, and highly competitive market”.
The Addleshaw Goddard team was led by Mike Hinchliffe and Simon Wood, and also included banking specialists Dave Wilson and Jo Chesher.
Linklaters advised Ares Management.
