Allen & Overy, Weil Guide £630M Deal For Retirement Housing

Law360 (October 23, 2020, 3:47 PM EDT) -- Retirement community owner McCarthy & Stone said Friday it's agreed to be acquired by a unit of Lone Star Funds in a deal that values the business at £630 million (about $822 million) and was guided by Weil and Allen & Overy.

United Kingdom-based McCarthy & Stone PLC said in a joint statement with American private equity firm Lone Star that the deal is a nearly 39% premium compared to its closing share price on Thursday and a nearly 58% premium compared to its average price from the past six months.

"Lone Star shares the McCarthy & Stone management team's vision...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!