US private equity firm made move last October
Lone Star will complete its 拢647m takeover of retirement housebuilder McCarthy & Stone later this month.
A hearing to rubber-stamp the deal will be heard on 28 January before the firm delists from the Stock Exchange on 2 February.
Announcing the , Donald Quintin, president of Lone Star Europe, described McCarthy & Stone as a leading developer and manager of retirement communities and said the deal 鈥渞epresents 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鈥�.
McCarthy & Stone has been hit harder by the pandemic than its mainstream housebuilder rivals, with the firm saying its older customer base had been far more cautious about re-entering the housing market since the initial spring lockdown was lifted.
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