Weil, Gotshal & Manges is representing Advent International on its $1.4 billion acquisition of The Priory Group, a chain of British rehabilitation and mental health care services centers owned by the Royal Bank of Scotland Group.
Boston-based Advent will use bonds to finance the nearly $1.5 billion acquisition of Priory, based in Leatherhead, England, according to Bloomberg. RBS assumed control of Priory after completing a mammoth 2007 merger with Dutch banking giant ABN AMRO–the latter had purchased Priory in 2005 for 875 million pounds. (Editor’s note: RBS owns debt and equity securities in The Am Law Daily’s parent company, ALM Media.)
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