IFLR1000

McCarthy & Stone LSE IPO

6/11/2015
IPO
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£ 967 million

$ 1.201 billion

Completed

6/11/2015

Overview:

  • McCarthy & Stone has undertaken an IPO on the LSE.
  • The deal values the company at £967 million or 180p a share.
  • The company is aiming to raise £90 million from the listing, which will be used for construction projects.
  • Deutsche Bank, Goldman Sachs and Jefferies acted as underwriters.
  • McCarthy & Stone is a real estate developer that constructs retirement homes.

Sam Duke - Editor

Jurisdictions:

Luxembourg
United Kingdom

Deal type:

IPO

Practice area:

Capital markets : Equity

Industry sectors:

Real estate
Social infrastructure

Firms:
Allen & Overy

Party: McCarthy & Stone (Issuer)

Lawyers: Adam Wells, James Roe, Richard Browne

Baker McKenzie

Party: McCarthy & Stone (Shareholder)

Lawyer: Laurent Fessmann

Freshfields Bruckhaus Deringer

Party: Deutsche Bank AG Na ON (Underwriter)

Party: Goldman Sachs (Underwriter)

Party: Jefferies Financial (Underwriter)

Lawyer: Mark Austin

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