The Carlyle Group agreed to acquire Beechcroft, a UK developer specialising in for-sale senior housing, from private equity firm Alchemy Partners. Financial terms were not disclosed. "With a rapidly aging population and a structural undersupply of suitable housing options for older people, we believe there is huge potential for growth within the UK retirement market. Beechcroft has capability and experience across private housing for the elderly as well as in mixed-use / mixed-tenure schemes. We are delighted to have received the backing of The Carlyle Group to take the company forward into the next phase of its development and growth. This investment in the company will enable the Beechcroft team to seek to capitalise on the significant market opportunity on offer, which includes the areas of rented, shared ownership and discounted market sale housing for the elderly, as well as the development of our private housing and strategic land offerings, alongside our high-quality retirement schemes," Chris Thompson, Beechcroft Managing Director.