The bidding war for Boots is hotting up with three of the world's biggest private equity houses among the contenders. Apollo Global Management, TDR Capital and Sycamore Capital Partners are leading the way in the battle to take control of Britain's biggest High Street chemist. Sycamore Capital Partners is also understood to have made a presentation to Boots management. They joined forces with private equity house CVC Capital Partners but the consortium is thought to have been put off by the price. It has a history of private equity ownership having been taken over in 2007 by KKR before merging in 2014 with another American giant, Walgreens.

Source: Daily Mail March 25, 2022 22:37 UTC