CIBC scores biggest LBO financing with Wittington-Boots deal


Wittington, the Canadian holding company for the billionaire Weston family, said Wednesday that it agreed to buy the United Kingdom pharmacy chain for US$8.9 billion including debt from Sycamore Partners and the family of longtime Boots owner Stefano Pessina. CIBC and Morgan Stanley Senior Funding Inc., the lead arrangers, are providing financing for the acquisition, according to a release.



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