KKR Considers Joining Seven & i Management Buyout After Apollo

KKR & Co. is considering taking a stake in a proposal by Seven & i Holdings Co.’s founding family to take the Japanese convenience store operator private, people familiar with the matter said, joining fellow private equity giant Apollo Global Management Inc. in the record buyout bid.

The US firm is discussing investing several hundred billion yen for an equity stake in the operator of 7-Eleven convenience stores, according to the people, who asked not to be identified as the information isn’t public.