However, it still below the pre-pandemic price, 158p in February.
Prior to the coronavirus crisis, McCarthy & Stone had started a push into the rentals and shared-ownership market, broadening its customer base from just conventional buyers.
When the deal was announced in October, Paul Lester, chairman of McCarthy & Stone, said: “We believe that Lone Star would provide a complementary partner for McCarthy & Stone's stakeholders and along with the investment in the business that Lone Star can provide, will enable further improvements of its transformation strategy and allow McCarthy & Stone to capitalise on its growing rental and multi-tenure offering which would underpin the long-term growth of McCarthy & Stone."
