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...

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