KKR and Bain bid up to $7.6 billion for Seven & i assets as the company faces a $47B takeover bid.

Private equity firms KKR and Bain Capital have submitted bids ranging from $4.8 billion to $7.6 billion for non-core assets of Japan's Seven & i Holdings, with Bain offering the highest amount. Seven & i plans to spin off its supermarket operations into a separate unit called York Holdings. The company's founding family is also exploring a management buyout to resist a $47 billion takeover bid from Canada's Alimentation Couche-Tard.

3 months ago
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