The founding household of Seven & I Holdings, the mum or dad firm of 7-Eleven, has approached KKR & Co. and different funding companies about taking part within the potential buyout of the retailer, the Nikkei newspaper reported on Saturday.
Along with KKR, the founding Ito household additionally approached Bain Capital and Apollo International Administration as a result of view it will likely be tough to safe ample capital from banks, the Nikkei reported.
Funding for the proposed buyout will probably be finalized by the tip of December and can contain Japan’s three largest lenders.
Seven & I has acquired a buyout proposal from the founding household whereas beneath strain to persuade buyers it may improve worth by itself and fend off a $47-billion takeover bid from Canada’s Alimentation Couche-Tard.
