Retirement home developer McCarthy & Stone has launched a strategic review that could see it floated on the stock market.
Moelis & Company has been appointed as financial adviser to the board to assist with the review.
Moelis will undertake a review of a broad range of strategic and financing options available to McCarthy & Stone, as it looks to take advantage of the market opportunities.
As a key part of its work, Moelis will consult directly with McCarthy & Stone’s major stakeholders over the coming weeks.
Any stakeholder that has recently made an investment in McCarthy & Stone, but has not yet become a shareholder or lender of record, is invited to contact the company or Moelis directly.
Moelis is expected to present its strategic review to the board by the end of January.
Chairman Alan Bowkett said: “Following a pleasing set of results in the year to August 2012, we have decided under the leadership of our new chief executive, Mark Elliott, to launch a comprehensive review in order to evaluate our options and take advantage of the exciting growth opportunities that lie ahead.”
nick.whitten@estatesgazette.com
