1 ALLIANCE BOOTS<br/>TOUGH ON THE HIGH STREET

1 ALLIANCE BOOTS<br/>TOUGH ON THE HIGH STREET 2009-10-01 Staff Writer <strong>Written down despite decent trading</strong><br> <table> <tbody> <tr> <td><strong>THE DEAL</strong></td> <td><br>

Written down despite decent trading

THE DEAL
Company Alliance Boots (UK)
Type of business Pharmaceuticals (retailer and wholesaler)
Date completed July 2007
Sponsors Kohlberg Kravis Roberts
Deal value $20.6 billion
Equity $6.5 billion
SNAPSHOT
Value of equity 0.67 times cost
Term B loan 88.00-90.00
Second lien 80.00-85.00