The takeover battle for Vivendi SA’s SFR unit, the biggest contested bid in Europe since Royal Bank of Scotland Group Plc captured ABN Amro Holding NV in 2007, is a boon to loan bankers starved of deals for the past six years.
Alliance Boots GmbH, the pharmacy company that loaded up on debt in a 11.1 billion pound ($17.4 billion) leveraged buyout before the credit crisis, is now seeking success by cutting borrowing as it expands globally.
The founding family of U.K. grocer Wm Morrison Supermarkets Plc has contacted private-equity funds such as CVC Capital Partners Ltd. and Carlyle Group LP to weigh their interest in taking the retailer private, people with knowledge of the matter said.
Alliance Boots GmbH, the largest U.K. drugstore chain, will buy a 12 percent stake in China’s Nanjing Pharmaceutical Company Ltd. for about 56 million pounds ($91 million), it said in a statement today.
Alliance Boots Holdings Ltd., the U.K. drugstore chain part-owned by Walgreen Co., extended the maturity of more than 5 billion pounds ($8 billion) of loans by two to three years, paving the way for the U.S. firm to acquire the entire company.