Pinsent Masons advises LDC Care Homes, Elevation Advisors and Grant Thornton on Four Seasons Care Homes portfolio migration

22 Feb 2021 | 02:08 pm | 1 min. read

Multinational law firm Pinsent Masons has advised propco investor LDC Care Homes and its asset and investment manager Elevation Advisors on the migration of a care homes portfolio from Four Seasons Health Care Group (FSHC) to new operators.

The portfolio, formerly known as the Loyd’s Portfolio, comprises 61 care homes (54 trading and seven closed), which was previously leased to FSHC.  Elevation Advisors carried out a strategic review of the portfolio, comprising 39 'core' homes (1,700 purpose-built beds, of which 75% are located in England and 25% in Northern Ireland), and 21 ‘non-core’ homes.

The parties transitioned the operations underlying the core homes to new operators on new 35-year full repairing and insuring investment-grade leases. The new operators were selected based on their geographic and operational synergies, their ability to integrate the homes, and their capability in providing continuity of care. In addition, LDC committed to substantial capex investment across the portfolio for refurbishments and extensions.

As well as representing LDC Care Homes and Elevation, Pinsent Masons also acted for Grant Thornton (in its capacity as administrators of relevant FSHC tenants) in a coordinated multi-party process with the incoming operators and the CQC regulator, to ensure a smooth transition of the homes and their residents. 

All the core homes and the majority of the non-core homes have now successfully transitioned.

The Pinsent Masons team was led by corporate real estate partner Robert Moir and property partner Tom Eastwood advising LDC Care Homes and Elevation, working with restructuring partner Steve Cottee who acted for Grant Thornton as administrators.

Commenting on the process, Robert Moir said:

"The Healthcare team at Pinsent Masons is delighted to have acted on this significant series of transactions for the sector, involving many parties in a coordinated process.  Paramount was the smooth transition of the homes to the new operators, especially in these challenging times.  Our integrated corporate, property and restructuring capabilities within the Healthcare and Senior Living context was a key component in delivering that."

Hunter Drew, partner at Elevation said: “We thank the team at Pinsent Masons for their support and hard work on the migration of these homes to new operators, which was a particularly complex task against the backdrop of the Coronavirus pandemic.”

Latest press releases

Show me all press releases

Pinsent Masons advises NTR plc on 54MW portfolio of co-located solar and battery storage projects in Ireland

Multinational law firm Pinsent Masons has advised NTR PLC on the acquisition of a 54MW portfolio of co-located solar and battery storage projects in County Wexford, Ireland, from renewable energy developer RES.

Pinsent Masons advises Teva Pharmaceuticals on €84m sale of its consumer healthcare brand portfolio to Karo Pharma AB.

Multinational law firm Pinsent Masons has advised Teva Pharmaceuticals’ subsidiary, Actavis Group PTC, on the successful €84m sale of a suite of consumer healthcare products to Karo Pharma AB (Karo).

Pinsent Masons appointed to UK Government Trade Law Panel

Multinational law firm Pinsent Masons has been appointed to the UK Government's new Trade Law Panel in an international consortium with BakerHostetler in the USA, and Fasken in Canada, to advise on international trade law disputes.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons appointed to UK Government Trade Law Panel

Multinational law firm Pinsent Masons has been appointed to the UK Government's new Trade Law Panel in an international consortium with BakerHostetler in the USA, and Fasken in Canada, to advise on international trade law disputes.

Pinsent Masons advises on £100mn 'Women in Safe Homes' investment property fund

Multinational law firm Pinsent Masons has advised on what is believed to be the world's first gender-lens investment property fund, to support women experiencing, or at risk of homelessness.

Pinsent Masons refreshes global board electing two new members

Multinational law firm Pinsent Masons has elected commercial partner Clare Francis and Sydney-based infrastructure partner Fraser McMillan to its global board as it underscores senior leadership gender diversity and strengthens Asia Pacific representation on the board.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts