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KKR’s Alliance Boots Completes Strategic Merger with Walgreens

01.02.15

Simpson Thacher represented Kohlberg Kravis Roberts & Co. L.P. in connection with the closing of the second step of Walgreen Co.’s (NYSE: WAG) strategic transaction with Alliance Boots. The second-step transaction, involving a corporate reorganization of Walgreens and Walgreens’ purchase of the remaining 55% of Alliance Boots stock that it did not already own, fully combines the two companies to form the first global pharmacy-led, health and well-being enterprise under the name Walgreens Boots Alliance (Nasdaq: WBA). The Firm represented KKR in connection with its buyout, together with Stefano Pessina, of Alliance Boots plc in the summer of 2007 and in connection with the first step of Alliance Boots’ strategic transaction with Walgreens in the summer of 2012.

The Simpson Thacher team included Mark Pflug, Sharo Atmeh, Nicole Tague, Karen McClendon, Jivaji Moré and Neil Evans (M&A); Shahpur Kabraji (Credit); Michael Nathan (Capital Markets); Frank Marinelli and James Rapp (Public Company Advisory Practice); and Meredith Jones and Devin Heckman (Tax).