TOKYO — The founding family of Seven & I Holdings has approached major U.S. investment funds such as KKR to participate in its proposed takeover of the company, Nikkei learned on Saturday.
Acquiring all the shares in the Japanese owner of the 7-Eleven retail chain would likely cost a total of more than 7 trillion yen ($47 billion). Securing funding for such a hefty amount only through major banks and other potential fund providers in Japan would be tough, pushing the founding family to consider different options.
