11 October 2024
We have advised Sullivan Street Partners, a UK-based mid-market buy-out specialist, on its acquisition of UK Addiction Treatment Group (UKAT), the UK’s leading, residential addiction treatment group.
UKAT operates over 200 beds across eight residential facilities in the UK. It specialises in comprehensive care and rehabilitation services for alcoholism, substance abuse, and wider behavioural and mental health conditions.
The team was led by partners Jonny Bethell and Amy Patterson with core support from senior associates Alex Walker and Sarah Wallace. Banking and finance partner Martin Yells and senior associate Katie Horbury led on the debt finance aspects.
Jonny Bethell, private equity partner, said: "This has been a complex and very interesting transaction with some novel challenges. It has been great to work with Sullivan Street to address these and close the acquisition.”
Commenting on the matter, Layton Tamberlin managing partner of Sullivan Street Partners; "We are pleased to have completed this acquisition after a long and complex sales process. We look forward to supporting the business in reaching its full potential over the years to come.”
"Taylor Wessing have been a long-term advisor for us and the team on this transaction were brilliant. Their ability to provide consistently high-quality, relevant and commercial advice across a range of complex and unusual challenges and issues was invaluable."
The wider team included: