Linklaters and Weil Gotshal & Manges have taken lead roles on Royal Bank of Scotland's (RBS) £925m sale of the Priory Group to buyout house Advent International.

Linklaters advised the seller with a team of lawyers led by private equity co-chief Ian Bagshaw (pictured), who was assisted by corporate partner Iain Wagstaff and managing associate Alex Woodward.

The acquirers were represented by US firm Weil Gotshal, which fielded a team led by corporate partner Jonathan Wood, who worked alongside London finance chief Jacky Kelly.

After the settlement of outstanding debt, the bank expects to receive gross equity proceeds of up to £133m in cash from the sale of its minority equity stake in the recovery centre operator.

RBS inherited the healthcare company following its takeover of ABN Amro in 2007. The bank attempted to float the business on the London Stock Exchange for £1.3bn, but it failed and the bank opted sell it.

Advent had entered talks with RBS about buying the Priory Group after exclusive discussions with Bain Capital collapsed in early December. The US buyout giant was represented by a team of lawyers at Kirkland & Ellis.

"The transaction necessitated the navigation of a complex regulatory landscape and was completed in a very tight time frame," said Weil Gotshal's Wood.

Both the seller and the acquirer brought in regulatory counsel, instructing Lester Aldridge and Bevan Brittan respectively.