Deal Mechanic – Alliance Boots

Kohlberg Kravis Roberts' £12bn (€17.8bn; $24.3bn) acquisition of health and beauty chain Alliance Boots was the largest buyout ever seen in Europe – but after global credit markets nosedived during the summer months, the underwriting banks were left with a record-sized headache. Toby Lewis traces the deal's progress.

12 January 2013•5 mins read
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