10 Most Successful LBOs and Private Equity Buyouts in History

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5. Alliance Boots

Year: 2007
Nominal value: $24.80 billion
Value in 2017 dollars: $29.98 billion
Buyer: KKR

The buyout of Alliance Boots didn’t go smoothly for the buyers. A bidding war between Stefano Pessina and his KKR backers on one side and Terra Firma Capital Partners and Wellcome Trust on the other ended up with KKR shelling out 40% more money than they initially offered. In the end, it didn’t matter, as KKR quadrupled its money, with Alliance Boots proving to be one of the 10 most successful LBOs and private equity buyouts in history. Alliance Boots merged with Walgreens at the end of 2014 to become Walgreens Boots Alliance Inc (NASDAQ:WBA).

10 Most Successful LBOs and Private Equity Buyouts in History

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