THE WHAT? Bain Capital and CVC Capital Partners are said to be preparing a joint bid for Walgreens Boots Alliance-owned Boots, according to a report published by the Financial Times, quoting a source ‘with knowledge of the matter’.
THE DETAILS The newspaper emphasized that talks were at an early stage and it’s possible that an offer could fail to result from the partnership.
THE WHY? The duo is said to believe that Boots has potential to generate a greater profit as a standalone entity via the further development of its digital arm.