The Firm represented affiliates of KKR as selling stockholders in connection with several underwritten registered secondary offerings in 2016 of an aggregate of 50,461,215 shares of common stock of Walgreens Boots Alliance, Inc. (“WBA”) in transactions valued at approximately $4.1 billion in the aggregate, as well as a private placement of 2,000,000 shares of common stock of WBA valued at approximately $163 million.
WBA is the largest retail pharmacy, health and daily living destination in the USA and Europe. WBA’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Botanics, Liz Earle and Soap & Glory.
The Simpson Thacher team for the transactions included Michael Nathan, Xavier Kowalski, Lia Toback, Grady Chang, Tracy Ke and Max Corey (Capital Markets); and Mark Pflug and Gabriela Botifoll (M&A).