Private equity firms set for tilt at Boots after approach by Bain

Boots UK received a takeover approach from Bain Capital more than two months ago that started the potential sale of the British high street chain.

It is understood that Bain is positioning itself as a frontrunner in a forthcoming auction for Boots after completing months of due diligence on the health and beauty retailer.

The firm has sounded out a handful of retail industry veterans about chairing Boots should it be successful. A Bain Capital spokesman declined to comment.

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Source: The Times