CIBC Secures Largest LBO Financing for Wittington-Boots Acquisition

AI-generated NewsSnap summary based on source reporting.
Published: 2026-10-07T23:08:20Z
Category: business
Source: Financial Post
Original source

Canadian Imperial Bank of Commerce (CIBC) has completed its largest leveraged buyout (LBO) financing to date, supporting the US$8.9 billion acquisition of UK pharmacy chain Boots. The deal was led by Canada's Weston family and Fairfax Financial through their Wittington investment vehicle, marking a significant financial milestone for CIBC.

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