Boots Pension Scheme trustees have finally thrashed out a £1bn funding and security deal with the company's new private equity owners, Kohlberg Kravis Roberts.
KKR’s bid vehicle AB Acquisitions will contribute £418m in cash instalments over the next 10 years, which amounts to net present value of £305m. A bank guarantee and specific security package will ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
