Founder of “7-Eleven” in Japan negotiates with CP Group to jointly invest in taking the business off the stock market.
Founder of Japan's '7-Eleven' negotiates with CP Group to jointly invest in taking the business off the stock market, escaping a takeover deal from Canada.
On January 30, 2568, Reuters reported, citing national television station NHK, that the founding family of Seven & i , the operator of Japan's Seven-Eleven convenience store chain, was in negotiations with the Charoen Pokphand Group (CP Group) to co-invest in the acquisition of the management team of the Japanese retail giant.
The founding family of Seven & i is currently in negotiations to take Seven & i private through a management takeover bid to prevent a $47,000 billion acquisition by Canada's Alimentation Couche-Tard.
The Charoen Pokphand Group (CP) is the latest candidate that the founding family of Seven & i has contacted to seek support in its acquisition efforts, which are valued at approximately $58,000 billion. This would represent the largest executive acquisition in Japanese history if the company proceeds.
NHK said the proposed CP investment would be worth around several hundred billion yen, and negotiations to set that figure are ongoing.
Meanwhile, Charoen Pokphand Group (CP), which operates 7 12,000-Eleven stores in Thailand, has followed Japanese trading company Itochu and US asset manager Apollo Global Management as potential partners, with the family reportedly looking for funding sources.
The move would keep Seven & i’s management in place and ease pressure to sell unprofitable assets, although some analysts say it could be aimed at spurring Couche-Tard to bid higher.
In recent years, Seven & i has come under pressure from shareholders to sell off non-core assets, including supermarkets, specialty stores and restaurant franchises.
In October 2567, the company announced the formation of a holding company that would house 31 subsidiaries, and sources told Reuters that leading U.S. private equity firms KKR and Bain Capital had both offered more than $5 billion for the spinoff.
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