Private equity houses circle NFA

A SERIES of private equity houses are lining up to bid for the National Fostering Agency (NFA) from Sovereign Capital.

The Priory Group, which is backed by Advent private equity and runs the renowned Roehampton rehabilitation clinic, is believed to have made an approach already. Teachers’ Private Capital, the private investment arm of Ontario Teachers’ Pension Plan, is also believed to have made a bid while private equity group Blackstone is thought to be mulling over an approach.

The Priory declined to comment. Advent, Sovereign and the NFA could not be reached.