December 20, 2017
Weil has advised global investment manager, AMP Capital, on its acquisition of The Regard Group in the UK, a leading provider of community-based services for people with learning disabilities and mental health needs, from the Montreux Healthcare Fund and Macquarie Principal Finance Europe. The Regard Group provides person-centred care and offers supported living, residential and day services in 161 locations across the UK.
With a large presence in Australia and international operations, AMP Capital has over $137.23 billion in funds under management. This is AMP Capital’s first acquisition in the UK specialist care sector. Weil also advised AMP Capital on its acquisition of ITS ConGlobal in the U.S. earlier this year.
The Weil team was led by Corporate partner James MacArthur and included Corporate associates Tomasz Rodzoch and Richard Wright. Banking partner Paul Hibbert advised on financing aspects with associate Peter Greenall. Bevan Brittan LLP advised on regulatory matters.
Mr. MacArthur commented: “I am very pleased to have advised AMP Capital on their first investment in the UK specialist care sector. Healthcare continues to offer attractive investment opportunities for infrastructure-focused funds. This caps a very encouraging first year for the Weil Real Assets practice in London.”
This transaction is one of a number of deals involving our Real Assets team this year and follows advising Antin Infrastructure-owned CATS Management Limited on its acquisition of an interest in Esmond Transportation System, OMERS Infrastructure on its continuing investment in Thames Water, and Limerston Capital on its acquisition of Crawford Scientific.