Izumi completed the acquisition of the Kyushu business from KKR-backed Seiyu, for JPY17bn.

Synopsis

Izumi, a multi-format store retailer, completed the acquisition of the Kyushu business from KKR-backed Seiyu, a Japanese group of supermarkets, shopping centers and department stores. Financial terms were not disclosed.

Principals

target

Seiyu (kyushu Business)

bidder

Izumi Co

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Market Context

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Bidder Team (1)

yasuaki yamanishi

President at IZUMI CO LTD

Manager

bidder

Deal

n/a

Total Value

Vendor Team (1)

tsuneo okubo

President and Representative Director at SEIYU

Manager

vendor

Deals

£ 2.05 B

Total Value

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