Bain and CVC balk at Boots bid

Bain and CVC balk at Boots bid

THE WHAT? The potential sale of Boots pharmacies by owner Walgreens Boots Alliance has hit a bump in the road, according to a report published by the Financial Times.

THE DETAILS A consortium of Bain and CVC Capital Partners, widely expected to lead the charge for the UK drugstore chain, failed to submit a bid ahead of the deadline, the Financial Times said, quoting sources ‘with knowledge of the matter’.

THE WHY? With the markets in turmoil following Russia’s invasion of Ukraine, financing has become even more difficult, narrowing the field for potential buyers.

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