 |
Joele Frank is handling Sycamore Partners’ acquisition of Walgreens Boots Alliance, a transaction valued in the $24B range.
The $11.45-per-share cash offer represents a 29 percent premium over WBA's closing price on Dec. 9, the day when media reports first speculated about the takeover.
Tim Wentworth, WBA CEO, believes the company can better manage its “ambitious turnaround strategy” as a private entity. “Sycamore will provide us with the expertise and experience of a partner with a strong track record of successful retail turnarounds, he added.
Boots has been in business for 175 years. Walgreens is almost 125 years old.
WBA employs more than 310K people in 12,500 locations in the US, Europe and Latin America.
Joele Frank, Wilkinson Brimmer Katcher’s Joele Frank, Aaron Palash, Jamie Moser and Adam Pollack represent Walgreens, while Michael Freitag and Arielle Rothstein handle Sycamore.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
FGS Global heads the list in Mergermarket’s ranking of the top PR advisors in M&A deals for 2025. Joele Frank, Brunswick Group follow.
Financial marketing is entering a new era where brands must move beyond mere storytelling and increasingly demonstrate to audiences that they’re prepared for change.
The Walt Disney Company is bringing on Benjamin Swinburne as EVP of investor relations and corporate strategy.
