Wittington Investments agrees $8.9B Boots buyout from Sycamore
Fairfax Financial Holdings is a partner, with Wittington holding operational control of the 1,800-store U.K. and Ireland pharmacy chain.
At a glance
The Weston family's Wittington Investments agreed on Oct. 7 to acquire Boots and its 1,800 U.K. and Ireland stores from Sycamore Partners and the Pessina family for $8.9 billion including debt, FO Pro reported.
Fairfax Financial Holdings is a partner on the transaction, with Wittington holding operational control.
The agreement has not closed, and no closing date or split between equity and debt was set out.
The Weston family's Wittington Investments agreed on Oct. 7 to acquire Boots and its 1,800 U.K. and Ireland stores from Sycamore Partners and the Pessina family for $8.9 billion including debt, FO Pro reported.
Fairfax Financial Holdings is a partner on the transaction, with Wittington holding operational control.
The Weston family already owns Shoppers Drug Mart, which FO Pro describes as Canada's largest pharmacy chain. A completed Boots acquisition would extend Wittington's pharmacy ownership to the U.K. and Ireland.
The agreement has not closed, and no closing date or split between equity and debt was set out.
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