Chiltern advises on �875M sale of Priory group

Chiltern advises on �875M sale of Priory group: "Chiltern�s involvement with the �875m sale of Priory Group, has once again demonstrated that top level tax advice is not the exclusive preserve of the Big 4.
Chiltern, the UK�s leading independent tax consultancy, acted to provide tax advisory services in specific and discrete areas on Doughty Hanson�s recent sale of Priory Group, the UK�s leading independent provider of mental healthcare and specialist education services, to ABN Amro.

John Willmott, Chairman and Amanda Flint, Director, Head of Reward Consulting, led the Chiltern team whose role involved the provision of:General corporate tax advice to the Priory Group as part and parcel of vendor due diligence specialist taxation advice to management in respect of reward consulting and share incentive planning.
John Willmott said:
�Increasingly corporates are looking beyond the Big 4 for specialist advice. Undoubtedly this has been prompted by increased awareness of corporate governance best practice in terms of using separate advisers for audit and non-audit services, but also by a growing realisation that a specialist, independent firm can offer equivalent or superior advice, with a higher service level and at better value than some of the more well-known providers.
�There is a shake-up going on amongst professional services providers and work is flowing out of the Big 4 towards the so-called �Group A� firms. In recent months we have been appointed by a growing number of corporate clients, some of whom are very large companies and have acted in various corporate transactions, of which this is the most recent.�"