Key Takeaways
- • Wittington Investments, the holding company of the Weston family of Canada, has agreed to acquire Boots from Sycamore Partners and the Pessina family in a transaction valued at $8.9bn including assumed debt.
- • The deal marks Sycamore's exit from Boots little more than a year after the private equity firm took its former parent, Walgreens Boots Alliance, private.
- • Brookfield's acquisition of an Indian logistics portfolio was reported in the same roundup, but the available source provides no details on deal value, seller, or assets.
Summary
Wittington Investments, the holding company of Canada's Weston family, has agreed to acquire British pharmacy retailer Boots from Sycamore Partners and the Pessina family in an $8.9bn transaction that includes assumed debt, according to AltAssets Private Equity News. The transaction gives Sycamore an exit from Boots little more than a year after the firm acquired Boots' former parent, Walgreens Boots Alliance.
The Boots sale is the lead item in AltAssets' deal roundup, which also reports that Brookfield has bought an Indian logistics portfolio. The publicly accessible portion of the article does not disclose the price, seller, or asset composition of that transaction, and the full report is behind a premium subscription wall, so further terms of either deal, including closing conditions and regulatory timing, cannot be confirmed from the available material.
The Boots sale is the lead item in AltAssets' deal roundup, which also reports that Brookfield has bought an Indian logistics portfolio. The publicly accessible portion of the article does not disclose the price, seller, or asset composition of that transaction, and the full report is behind a premium subscription wall, so further terms of either deal, including closing conditions and regulatory timing, cannot be confirmed from the available material.
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