Sycamore Partners’ $23.7 Billion Acquisition of Walgreens Boots Alliance Highlights Surge in Healthcare Sector Deals

In a notable transaction within the healthcare sector, Kirkland & Ellis, Latham & Watkins, and Davis Polk & Wardwell are leading the legal efforts on the proposed acquisition of Walgreens Boots Alliance by Sycamore Partners, a client of Hengeler Mueller. This deal, marking the most significant leveraged buyout (LBO) of 2025 thus far, is valued at up to $23.7 billion. With over 80 law firm partners involved, the transaction is also recognized by Latham as the third-largest healthcare LBO of all time across the U.S. and Europe. Executive chairman Stefano Pessina plans to sell his 17% stake in the publicly-traded company, pending regulatory approvals and shareholder consent, with the deal expected to conclude in the fourth quarter of 2025. For further details, visit the original article here.