Sale option looking likely for Priory after team of advisers hired
The owners of mental health treatment provider Priory are said to have taken a big step forward with their plans to list the company next year.
Advent International has hired JP Morgan and Bank of America Merill Lynch to help with the flotation, which is reportedly set to raise in the region of £1bn.
According to the Sunday Times, sources have also said that both Barlcays and Numis have been appointed to assist with the listing, while it is being independently advised by Rothschild.
Advent has owned the business for about four years, having acquired it from RBS in 2011.