A raft of private equity firms are readying to enter the auction for high street chemist Boots after its American owner Walgreens Boots Alliance put the chain on the market for £7bn, according to reports today.
Asda backers TDR Capital are among the firms interested in buying Boots, with the synergies between the two retailers understood to appeal to the firm, the Times reported today.
The reports come after a spate of private equity firms were said to be readying bids for the high street stalwart last week.
US buyout giants CVC and Bain Capital are preparing a joint bid for the chain, Sky News first reported, while Advent, KKR, Clayton Dubilier & Rice and Apollo were all considering throwing their hat in the ring to snap up the chain, according to Bloomberg News.
Walgreens Boots Alliance last week confirmed that it was…
