Lone Star, a private equity firm that invests globally in real estate, equity, credit, and other financial assets, completed the acquisition of McCarthy & Stone, a retirement homebuilder, for $864m. "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. We look forward to partnering with McCarthy & Stone's management and employees to further support the company's ongoing transformation,” Donald Quintin, Lone Star President. On December 8, 2020, McCarthy & Stone shareholders approved a takeover bid and received merger control clearance from the European Commission. On January 28, 2021: The board of directors of McCarthy & Stone and Lone Star have approved the $864m deal for the retirement home builder.