Finance

Lone Star weighs up IPO of £500m care home portfolio

By 2018-07-27T01:00:00

Care home

Source: Shutterstock/Photographee.eu

The 6,000-plus-bed portfolio includes homes from the Quercus fund bought from Aviva Investors in 2016.

The US private equity firm, which is also thought to be exploring a trade sale, has appointed Numis Securities to advise on the potential stock market flotation.

If the IPO goes ahead, Layland Walker will manage the 6,000-plus-bed portfolio, which is believed to include homes from the Quercus fund, bought from Aviva Investors in 2016 for £250m.

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