All articles tagged with #privateequity
Walgreens Boots Alliance is in discussions with Sycamore Partners to potentially go private, causing a 25% surge in its stock. Additionally, Walgreens, CVS, and Walmart won a legal case in Ohio, reversing a $650.9 million opioid crisis verdict. Despite these developments, Walgreens plans to close 1,200 stores by 2027 due to financial challenges, reflecting broader industry trends of pharmacy closures.
Evercore Inc. anticipates a resurgence in private equity deals as firms are pressured to sell assets and return capital to investors following a period of slow dealmaking. The decline in mergers and acquisitions last year, partly due to higher interest rates impacting financing, is expected to prompt private equity funds to become more active in seeking cash for partners.
Private equity groups are seeking new exit strategies as they face an accumulation of cash, prompting them to explore alternative ways to deploy funds and realize returns on investments. This shift comes as traditional exit routes, such as initial public offerings (IPOs) or sales to other companies, may be less viable in the current economic climate. The article suggests that these groups are adapting to market conditions to maintain profitability and meet investor expectations.