million deal with Sony Pictures in early 2014. The deal gives them a financial stake in nearly all of Sony's upcoming films. However, due to the poor box-office performance of Sony's movies, the two firms severed ties on July 17, 2017, two years before the deal was set to end. In July 2015, Lone Star acquired the UK property investment and development company Quintain for £700 million. In March 2017, the Portuguese Central Bank announced that Lone Star Funds will acquire 75% of third largest Portuguese bank, Novo Banco, in return for a capital injection of €1bn. The other 25% will be retained by the Portuguese bank's resolution fund. In October 2017 the deal was closed and Lone Star Funds started controlling 75% of Novo Banco. Investment approach Lone Star invests in a variety of asset classes, primarily distressed opportunities in developed markets. Funds The following list shows the company's various funds. References External links Official website Private equity firms of the United States Companies based in Dallas Financial services companies established in 1995