Apollo Weighs $9.5 Billion Stake in Seven & i Buyout
- Record take-private bid led by founding Ito family, Itochu
- Equity stakes in plan would amount to about ¥4 trillion yen
Apollo Global Management Inc. is considering taking a substantial stake in a bid by Seven & i’s founding Ito family to take the Japanese convenience store operator private, people familiar with the matter said.
The US private equity giant is discussing a commitment of as much as ¥1.5 trillion ($9.5 billion) for an equity stake in the plan, said the people, who asked not to be identified as the information isn’t public.