Kirkland & Ellis represented Acadia Healthcare Company, Inc. (NASDAQ: ACHC) on a definitive agreement for the sale of its UK operations to Waterland Private Equity for a purchase price of approximately £1.08 billion. The proposed transaction includes the sale of the entirety of Acadia’s UK business operations, operated under the name of The Priory Group, and is expected to close in January 2021.
The transaction involved close collaboration across Kirkland’s London and New York offices. In London, the team was led by transactional partners Tom McCarthy and Adrian Maguire and included associates Anne Stroude and Max Mugnaioni; debt finance partners Stephen Lucas and Leon Daoud; tax partner Dulcie Daly and associate James Chandler; and antitrust partners Sarah Jordan and Matthew Sinclair-Thomson and associate Philipp Gnatzy. In New York, the team included transactional partners David Feirstein and Carlo Zenkner; debt finance partners Jason Kanner and Andrea Weintraub; tax partner David Mannion and associate Mohammed Jaljule; and capital markets partner Marsha Mogilevich and associate Magdalena Auge.