Sycamore Partners has announced the completion of its acquisition of Walgreens Boots Alliance (WBA).
WBA, based in Deerfield, Illinois, is an integrated healthcare, pharmacy and retail company.
Sycamore, founded in 2011 and based in New York, is a private equity firm specializing in retail and consumer investments.
With the completion of the acquisition, WBA’s common stock has ceased trading on the Nasdaq and its companies — Walgreens, The Boots Group, Shields Health Solutions, CareCentrix and VillageMD — will operate as separate standalone entities.
Industry reports valued the transaction at nearly $24 billion.
