Appleby is pleased to announce that it has acted as Cayman Islands, Guernsey, Isle of Man and Jersey legal counsel to Wittington Investments, Limited on its acquisition of The Boots Group, a pharmacy and health and beauty retailer in the UK and Ireland
Appleby, alongside instructing counsel Skadden, is advising Wittington Investments, Limited, the holding company of the Canada-based Weston family, on its agreement with Sycamore Partners and the Pessina family to acquire The Boots Group.
The total purchase price is USD 8.9 billion, including assumed debt. The transaction, which is subject to certain regulatory approvals and the satisfaction of customary closing conditions, is expected to close in the first quarter of 2027.
Demonstrating Appleby’s multi-jurisdictional expertise, the Appleby team is being led by partners Garry Manley, Simon Raftopoulos, Kate Ovenden and James Gaudin across the Isle of Man, Cayman Islands, Guernsey and Jersey offices, assisted by Mary-Louise Buxton, Jack Igglesden, Jordanne Saunders, Emily McIntyre, Finlay McEwan and Daniel Richardson.