AURELIUS Elephant Limited signed a binding agreement to acquire Retail and distribution businesses in United Kingdom from McKesson Corporation (NYSE:MCK) for approximately £330 million on November 1, 2021. The deal is subject to approval of customary closing conditions, including receipt of regulatory approvals. The transaction is anticipated to close during the first quarter of 2022.

Rothschild & Co SCA (ENXTPA:ROTH), PwC Strategy& and FRP Corporate Finance Ltd acted as financial advisors to AURELIUS Elephant Limited while Mayer Brown LLP and DLA Piper International LLP provided legal advise. The Mayer Brown LLP team includes Perry Yam, James West, Electra Callan, James Hill, Kitty Swanson, David Harrison, Chris Chapman, Mark Prinsley, Iain Roberts, Tim Baines, Miriam Bruce and Andrew Block. Interpath Advisory acted as tax advisor.

Cardano advised on pension aspects, Kearney on IT and Mansfield advised on commercial aspects to AURELIUS Elephant Limited. Barclays PLC (LSE:BARC) acted as financial advisor to McKesson Corporation in the transaction.