Home > M&A deals 2025 > Sycamore Partners acquires Walgreens Boots Alliance, Inc.
Going Private · Retailers · March 2025

Sycamore Partners acquires Walgreens Boots Alliance, Inc.

On March 6, 2025, Sycamore Partners acquired Walgreens Boots Alliance, Inc., a retailers company in Illinois, United States. Centerview Partners LLC and 6 other advisors advised on the deal, with Kirkland & Ellis LLP, Davis Polk & Wardwell LLP and Debevoise & Plimpton LLP as legal counsel.

Deal at a glance

AnnouncedMarch 6, 2025 TypeGoing Private TargetWalgreens Boots Alliance, Inc. Buyer Sycamore Partners SectorRetailers LocationIllinois, United States ValueMembers only Advisors Centerview Partners LLC Bank
Kirkland & Ellis LLP Legal
Morgan Stanley Bank AG Bank
UBS AG Bank
Goldman Sachs Group, Inc. Bank

Target company

Walgreens Boots Alliance, Inc.
Illinois, United States
Walgreens Boots Alliance is a pharmacy, healthcare services, and retail company that operates drugstores, health and wellness centers, specialty pharmacy services, and consumer retail locations. The company provides prescription dispensing, pharmacy benefit...
Retailerssector
2014founded
Activestatus
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Buyer

Private equity firm · 23 deals on record
  • 11th transaction in retailers
  • 20th transaction in United States
23deals, all time
12in this sector
2025latest

Members only

Contact details at the buyers and sellers
The full deal history of every party
Co-investors and the other advisors on this deal
Deal value and revenue or EBITDA multiples

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Questions about this deal

Who acquired Walgreens Boots Alliance, Inc.?Sycamore Partners acquired Walgreens Boots Alliance, Inc. on March 6, 2025.

Who advised on the Walgreens Boots Alliance, Inc. deal?Centerview Partners LLC and 6 other advisors advised on the deal, with Kirkland & Ellis LLP, Davis Polk & Wardwell LLP and Debevoise & Plimpton LLP as legal counsel.

What type of deal was it?It was a going private in the retailers sector in 2025.

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Source: company press release, March 6, 2025 · Data updated daily on AcquityData (Acquity Data).