Sycamore Partners will acquire Walgreens Boots Alliance (WBA), according to a news release.

WBA (NASDAQ: WBA), based in Deerfield, Illinois, is an integrated healthcare, pharmacy and retail company.

Sycamore, founded in 2011 and based in New York, is a private equity firm specializing in retail and consumer investments.

Sycamore is acquiring Walgreens and taking the company private for $10 billion, according to news reports. Accounting for debt and future payouts, the value could reach close to $24 billion.