Sycamore Partners
Sycamore Partners is a private equity firm based in New York specializing in retail and consumer investments. The firm has approximately $10 billion in aggregate committed capital. Our strategy is to partner with management teams to improve the operating profitability and strategic value of their businesses. We provide flexible capital structured for each investment to position companies to succeed.www.sycamorepartners.com
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Search complete. 23 mentions across 20 episodes found for "Sycamore Partners".
Oct 22, 2026
Rob FranksHOST
They're European division, so a $9 billion deal to sell boots.
Rob FranksHOST
I know Sycamore Partners bought them last year.
Rob FranksHOST
And it's interesting.
Rob FranksHOST
We haven't seen a ton of changes, it feels like, on Walgreens.
Steve DennisHOST
Is
Michael LeBlancHOST
there anybody that would buy them? I mean, is there Sycamore Partners? I mean, they just got some cash by selling boots.
Michael LeBlancHOST
Is there somebody that might pick them up? I
Steve DennisHOST
cannot...
Stephen BarnettHOST
Anyway, so on the 7th of October, Whittington Investments, which is the holding company of the Canadian billionaire, the Western family, agreed to buy boots from...
Stephen BarnettHOST
the US consumer-focused private equity firm Sycamore Partners, and the Pessina family, the Italian Pessina family, who held a 44% stake for around $9 billion, £6.7 billion, including debt.
Stephen BarnettHOST
What makes this deal so interesting, beyond the fact that it is a high street staple, it's got a very, very storied, somewhat illustrious past on the UK high street.
Stephen BarnettHOST
But what makes this story so interesting from our perspective is that Sycamore, the private equity owner, only bought Boots last year.
Chris WaltonHOST
But Whittington will have operational control.
Chris WaltonHOST
They're purchasing it from the PE firm, the famed PE firm, Sycamore Partners, which seems to own a lot of things in retail, and the Pestana family for $8.9 billion.
Chris WaltonHOST
And the deal is expected to close in Q1 of 2027.
Chris WaltonHOST
Some of the debt is expected to be levered against the new Boot- Boots business, so that's the watch-out, because of decades of underinvestment in Boots, which Ben, I'm gonna wanna get your thoughts on.
Chris WaltonHOST
But Whittington will have operational control.
Chris WaltonHOST
They're purchasing it from the PE firm, the famed PE firm, Sycamore Partners, which seems to own a lot of things in retail, and the Pessina family for $8.9 billion.
Chris WaltonHOST
And the deal is expected to close in Q1 of 2027.
Chris WaltonHOST
Some of the debt is expected to be levered against the new Boot- Boots business, so that's the watch-out because of decades of underinvestment in Boots, which Ben, I'm gonna wanna get your thoughts on.
Sarah CarvalhoHOST
I believe it's been around since the 1930s, and it's very similar to a CVS or a Walgreens here in the United States.
Sarah CarvalhoHOST
So the Canadian branch of the Weston family was going to buy Boots from Sycamore Partners and the Pacino family in that deal, pledging to invest in the retailer stores and online, as well as expand their healthcare services.
Sarah CarvalhoHOST
Whittington Investments Limited, which is the Weston holding company, said it would buy Boots' retail operations in the UK and Ireland, as well as Boots Opticians, the No7 beauty company, as well as its Thailand and franchised businesses.
Sarah CarvalhoHOST
That's another thing as well for US people who maybe aren't familiar with Boots, but have heard of No7, which I believe they sell at Target.
![Retail Roundup [news, trading updates & stories from Retail Economics]](https://particle.news/cdn-cgi/image/format=auto,width=128/https://cdn.particle.pro/url/media/dba3e128-c230-5a0d-a935-b60d5f10c85f/8b367a67f9fe107143b1c31dd4621c60922a19b9193973f7e91f47231cbd88d2)
speaker_1HOST
Vukovic will report to Chief Financial Officer Giles Wilson.
speaker_2HOST
Moving on to health and beauty, Boots is set to be acquired from Sycamore Partners by Whittington Investments in partnership with Fairfax for £6.7 billion, including debt.
speaker_2HOST
The deal covers UK and Ireland stores, Boots opticians, No. 7 and overseas operations.
speaker_2HOST
Completion is expected in the first quarter of next year, subject to regulatory approvals.
Cheryl FarrisNARRATOR
Alec Baldock, CEO of Boots, said in the release that the company gives millions of people longer, healthier, and happier lives, adding that the opportunity ahead is even greater.
Cheryl FarrisNARRATOR
Before the agreement announced Wednesday, Boots was owned by Sycamore Partners, alongside Italian businessman Stefano Pessina.
Cheryl FarrisNARRATOR
Both will retain ownership of other Boots-affiliated groups, including Pharmacias Benevides and Alliance Healthcare Deutschland.
Cheryl FarrisNARRATOR
Sycamore Partners acquired Boots in 2025 as part of a newly $24 billion US buyout of American drugstore Walgreens.
Cheryl FarrisNARRATOR
The acquisition is subject to regulatory approval and expected to be finalized in the first quarter of 2027.
Cheryl FarrisNARRATOR
The Ontario government is abandoning a plan to return millions of dollars in surplus recycling fees paid by consumers to tire manufacturers who would have been free to spend the money at their own discretion.
TrentHOST
This one happened a couple weeks ago, filtered in, is that RONA has appointed a new president and CEO.
TrentHOST
The previous president CPO, GP Towner, is moving on to, uh, be a senior advisor with Sycamore Partners, which is the parent company of RONA in Canada right now.
TrentHOST
And who's taking over is Alain Menard.
TrentHOST
And so in the press release, there's two nice pictures of both of them also.
Mike HoskingHOST
They're rich, obviously.
Mike HoskingHOST
And they bought it off Sycamore Partners, who are also American.
Mike HoskingHOST
They're a private equity firm.
Mike HoskingHOST
So Boots, the British chemist, would never really British anyway.
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