Skadden is advising Wittington Investments, Limited, the holding company of the Weston family based in Canada, on its agreement with Sycamore Partners and the Pessina family to acquire The Boots Group, a pharmacy and health and beauty retailer in the U.K. and Ireland. Fairfax Financial Holdings Limited is partnering with Wittington Investments, Limited on the acquisition. The total purchase price is $8.9 billion, including assumed debt.
The transaction is subject to certain regulatory approvals and the satisfaction of customary closing conditions, and it is expected to close in the first quarter of 2027.
The Skadden team includes Lorenzo Corte, Katja Butler, Katie Leah, J. Christian Nahr and Noel Hughes.