Retirement home developer McCarthy & Stone is seeking to raise £70m by floating on the London Stock Exchange.
The move comes as the firm looks to take advantage of the ageing population and growth in this sector by investing £2.5bn in land and buildings over the next four financial years.
The development company, owned by TPG, Goldman Sachs, Alchemy Partners, Anchorage Capital and Strategic Value Partners, currently manages 70% of the UK retirement homes market.
Since it started developing owner-occupied retirement housing in 1977, it has sold around 50,000 homes across more than 1,000 developments in the UK.
The company remains on track to deliver its target of selling more than 3,000 homes per annum over the medium term.
Clive Fenton, chief executive officer of McCarthy & Stone, said: “There is a structural undersupply of specialist retirement housing in the UK and McCarthy & Stone has the expertise, track record and financial strength to address this need.”
