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 appoints employment partner in Dublin

Multinational law firm Pinsent Masons has enhanced its employment law capabilities with the appointment of Dublin-based Deirdre Lynch to lead the firm’s employment teams in Ireland and Northern Ireland.

Pinsent Masons announces new co-heads of Madrid, Inmaculada Castelló and Fernando Gutiérrez

Multinational law firm Pinsent Masons has appointed Inmaculada Castelló and Fernando Gutiérrez as co-heads of the Madrid office as of 1 September 2022.

Pinsent Masons advises UMS Consulting on its acquisition by Expleo

Multinational law firm Pinsent Masons has advised the shareholders of UMS Consulting GmbH & Co. KG on the sale of their shares to Expleo Group S.A.S.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons wins Best Talent and Inclusion Initiative at The Lawyer Awards

Multinational law firm Pinsent Masons has won the Best Talent and Inclusion category at this year’s The Lawyer Awards.

Multiple wins for Pinsent Masons at China Business Law Awards 2022

Multinational law firm Pinsent Masons has won in seven categories at China Business Law Journal's annual awards.

Pinsent Masons has 2040 science-based net-zero target verified

Multinational law firm Pinsent Masons is one of the first law firms to have its global 2040 net-zero target verified by the Science Based Targets initiative, as it doubles down on efforts to reduce its impact on climate change.

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