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Advent, KKR Said Among Buyout Firms Studying Bids for Boots

  • British pharmacy chain also drawing interest from CD&R, Apollo
  • Walgreens-owned Boots could fetch as much as 7 billion pounds
Updated on

Advent International and KKR & Co. are among private equity firms studying potential bids for the international drugstore business being sold by Walgreens Boots Alliance Inc., according to people familiar with the matter. 

The Boots business is also attracting initial interest from Clayton Dubilier & Rice, the buyout firm that owns British grocer Wm Morrison Supermarket Plc, as well as Apollo Global Management Inc., the people said. The unit, which mostly operates pharmacies in the U.K., could be valued at as much as 7 billion pounds ($9.6 billion) in a sale, the people said.