Apollo Considers $9.5 Billion Stake in Seven & i Buyout Led by Ito Family

The proposed $60 billion management buyout aims to strengthen domestic control of the 7-Eleven operator as competing offers and restructuring plans take shape.

• Apollo Global Management is evaluating a ¥1.5 trillion ($9.5 billion) investment in Seven & i Holdings as part of a management buyout led by the founding Ito family and Itochu Corporation.
• The total buyout is estimated at ¥9 trillion ($60.3 billion), surpassing a competing ¥7.5 trillion ($50.25 billion) bid from Alimentation Couche-Tard Inc.
• The Ito family and Itochu Corporation are reportedly committing ¥500 billion ($3.35 billion) and ¥1 trillion ($6.7 billion) respectively, with additional funding from major Japanese banks.
• Seven & i’s shares rose 7.4% following the news, though its current market value remains below both proposed valuations.
• The consortium aims to finalize the proposal ahead of Seven & i’s May shareholders’ meeting, amid ongoing restructuring efforts to separate its convenience store operations from other business segments.

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