Lone Star Acquires McCarthy & Stone

Lone Star acquires McCarthy & Stone in a £630 million all-cash deal. Subsequently, the London-based retirement home builder's shares increased 43 percent to 118.4 pence. The company's board members plan to unanimously recommend the deal to shareholders.

Donald Quintin, President of Lone Star Europe, said, "As a leading developer and manager of retirement communities in the UK, McCarthy & Stone represents an attractive opportunity in a market underpinned by clear fundamentals: a rapidly ageing population and a structural undersupply of suitable housing options for older people.

Lone Star shares the McCarthy & Stone management team’s vision for growth. With our proven experience in developing property-related businesses, we believe our partnership will enable McCa...

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