Seven & i Holdings Selects Preferred Bidder for Non-Core Asset Sale
Seven & i Holdings, the operator of the 7-Eleven convenience store chain, has chosen Bain Capital as its preferred bidder for the sale of its non-core assets. This decision follows a competitive bidding process, where Bain Capital outpaced rival private equity firm KKR and local buyout firm Japan Industrial Partners.
The sale is expected to involve a significant stake in York Holdings, a spin-off entity of the retailer. This development marks a significant step in Seven & i Holdings’ efforts to restructure its business and unlock value from its non-core assets.
Key Details:
- Preferred bidder: Bain Capital
- Rival bidders: KKR, Japan Industrial Partners
- Assets involved: Non-core assets, including a significant stake in York Holdings
- Next steps: Sale of non-core assets to be finalized with preferred bidder