Legal Week - Ashurst

Ashurst Articles

 

KKR/Boots stand-off on pensions raises the stakes
2007-06-21 04:06 UTC by Georgina Stanley, staff

Ashurst and Sacker & Partners may not have taken the main roles on Kohlberg Kravis Roberts & Co's (KKR's) £11bn takeover of Alliance Boots, but their involvement on behalf of the pension fund's trustees certainly proved crucial. The pair advised the trustees on last-minute talks with KKR to guarantee the future of the retailer's pension fund in an instruction that not only demonstrates the growing pressure on private equity deals in the UK but the increasing power of pensions funds in takeovers in general.

     

 

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