Apollo weighs $9.5 billion stake in Seven & I administration buyout

Apollo Global Management is contemplating taking a considerable stake in a bid by Seven & I’s founding Ito household to take the comfort retailer operator non-public, individuals conversant in the matter stated.

The U.S. non-public fairness big is discussing a dedication of as a lot as ¥1.5 trillion ($9.5 billion) for an fairness stake within the plan, stated the individuals, who requested to not be recognized as the knowledge isn’t public.

Under the present proposal, which is topic to vary, Apollo would be part of the Ito household and Itochu, the operator of FamilyMart in Japan, as key buyers. The Ito household is weighing a dedication of round ¥500 billion and Itochu of over ¥1 trillion. Other companions are nonetheless negotiating stakes.