Private equity giants KKR and Bain Capital are among the top contenders in the bidding war for Seven & i Holdings’ non-core assets. The bidding process has reached a critical stage, with all firms having moved past the initial round.
According to sources, bids have ranged from 750 billion yen ($4.8 billion) to 1.2 trillion yen ($7.6 billion). KKR submitted a bid of around 800 billion yen, while Bain Capital presented an offer of approximately 1.2 trillion yen. Japan Industrial Partners also made a bid close to 750 billion yen.
Seven & i Holdings is divesting its supermarket operations under York Holdings as part of its strategic shift. This move comes amid discussions of taking the company private, spearheaded by its founding family. The proposed $47 billion bid by Alimentation Couche-Tard from Canada has also sparked concerns.
Market trends indicate a growing interest in Japanese retail sectors, driven by increased foreign investments. Seven & i’s focus on consolidating its core operations aligns with this trend, aiming to enhance its market resilience.
The company’s strategic decisions are expected to impact the market, and investors will be watching closely as the bidding process unfolds.
Source: https://www.indexbox.io/blog/major-private-equity-firms-join-bidding-war-for-seven-i-assets