UK’s biggest pharmacy chain expected to be put up for sale this year by US owner for an estimated £10bn
Two of the world’s largest private equity firms are teaming up to bid for Boots, which is expected to be sold by its US owner this year for an estimated £10bn.
The US group Bain Capital, which recently bought the bakery chain Gail’s and made a doomed bid for the British insurer LV= last month, is understood to have teamed up with UK-based CVC Capital. A one-time owner of the failed department store chain Debenhams, CVC now owns the Moto service station group, the RAC and the luxury watchmaker Breitling.