Gowling WLG has acted on the sale of The Regard Group to specialist investment manager AMP Capital.

Regard, founded in 1994, is one of the UK's five largest specialist care providers and offers industry-leading specialist care for adults with learning disabilities and mental health issues.

Gowling WLG advised the principal shareholders of The Regard Group on the sale, including its majority shareholder The Montreux Healthcare Fund plc.

The Montreux Healthcare Fund plc originally invested into The Regard Group in 2014 and, since then, the business has grown into a national provider of premier specialist services - operating more than 160 care facilities across the UK and employing over 2,000 staff.

The transaction was led by Gowling WLG partner and Head of Corporate, Finance and Tax,  Hugh Maule and corporate principal associate Neil Hendron, with support from Jade MacDonald associate in the corporate team, Head of Transaction Services, Greg Dunn, Head of Banking and Finance, Kirsty Barnes. Real estate aspects were led by partner Phil Clissitt.

Hugh Maule said: "This is one of the largest deals in the healthcare sector in the last 12 months and we're very pleased to have acted for the sellers on the transaction.

"Gowling WLG has acted for The Regard Group for more than 10 years, during which time the organisation has grown into one of the foremost care businesses in the UK. We look forward to following the continued growth and success of the organisation following completion of this deal."

Oliver Harris, CEO of Montreux Capital Management, said: "Gowling WLG has been a great partner to us and supported us smoothly through the sale process. We're delighted to have completed this transaction and with the level of support Gowling WLG has provided."

Gowling WLG's Corporate Finance and Tax, Health & Care, and Real Estate teams have extensive experience across the full spectrum of corporate advice. The teams bring together experts in tax, corporate, finance, regulatory and dispute resolution to provide a full legal service to its clients