NEW YORK, August 28, 2025 (Business Wire) -Today, Sycamore Partners (the Sycamore) announced that it had completed the purchase of Walgreen...
.jpg "Sycamore Partners Completes Acquisition of Walgreens Boots Alliance")
NEW YORK, August 28, 2025 (Business Wire) -Today, Sycamore Partners (the Sycamore) announced that it had completed the purchase of Walgreens Boots Alliance, Inc. (the Company or WBA).
Stefano Pessina and his family have reinvested all their money in WBA, this indicates that they still support and believe in the future of the company. Sycamore is purchasing the business together with them.
Stefan Kaluzny, the CEO of Sycamore, stated, Walgreens Boots Alliance, Inc., its business units and its dedicated employees are significant in the communities they serve globally. We are thrilled to work with Walgreens, The Boots Group, Shields Health Solutions, CareCentrix, and VillageMD to name but a few. They will leverage their rich histories as individual businesses of privately held companies to enhance the customer experience to build on to their trusting relationships they have established with millions of customers across the globe.
This landmark event is the beginning of a new era to Walgreens, The Boots Group and the other portfolio companies, said Stefano Pessina. We have been glad to be patrons of these businesses over the decades and we are glad to be the same to Sycamore. It is the belief of all of us as a group that these groups have a future and they are important in the lives of millions of people on a daily basis.
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By the close of the deal, each of Walgreens, The Boots Group, Shields Health Solutions, CareCentrix and VillageMD will operate as a different business.
The common stock of WBA is not traded anymore and will not be listed on Nasdaq because the merger is completed. WBA shareholders will receive cash of $11.45 per WBA share, and will have the non-transferrable right to receive up to an additional $3.00 in cash per WBA share of the net proceeds of the future sale of WBA debt and equity interests in VillageMD which consists of the Village Medical, Summit Health, and CityMD businesses.
Helpers
UBS Investment Bank is the lead financial advisor of Sycamore. The two co-lead financial advisors are Goldman Sachs and J.P. Morgan and Citi and Wells Fargo are financial advisors. Legal counsel is Davis, Polk and Wardwell LLP and healthcare regulatory counsel is Bass Berry and Sims PLC.
In order to assist WBA, the Centerview Partners is providing them financial advice, the Kirkland and Ellis LLP is providing them law advice and the Ropes and Gray LLP is providing them healthcare regulation advice. Morgan Stanley co. LLC was also a financial expert and provided the WBA Board of Directors with an opinion on the level of fairness of the deal.
Debevoise and Plimpton LLP is assisting Stefano Pessina in legal terms.
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