.
MergerLinks Header Logo

Announced

Completed

Fortress Investment Group completed the acquisition of Sogo & Seibu from Seven & i for $1.5bn.

Financials

Edit Data
Transaction Value£1,187m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Japan

Single Bidder

Diversified Retailers

Acquisition

Private

Majority

retail

Shopping

Private Equity

Cross Border

Friendly

Completed

Synopsis

Edit

Fortress Investment Group, a private equity firm, completed the acquisition of Sogo & Seibu, a shop retailer, from Seven & i, a Japanese diversified retail group, for $1.5bn. “We are pleased to announce the acquisition of such an iconic company. We would also like to thank the various stakeholders who have supported our plans. We are committed to achieving business continuity for Sogo & Seibu, and will work with Seven & i to support the management of Sogo & Seibu to maintain Sogo & Seibu’s workforce to the extent possible,” Akio Yamashita, Fortress Managing Director and Representative in Japan.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US