Bain Capital to acquire the SST business of Seven & i Holdings for $5.5bn.

Bain Capital, a private equity firm, agreed to acquire the supermarket and specialty store businesses of Seven & i Holdings, a Japanese retail conglomerate, parent company of 7-Eleven, for $5.5bn. “SST Business Group is one of Japan's leading companies in the industry, centered around businesses such as Ito-Yokado, which has a history of over 100 years; York-Benimaru, loved by locals as the community's kitchen; as well as Loft, Akachan Honpo, and Denny's, that together as a comprehensive retail enterprise, support our daily lives. We are delighted to have the opportunity to partner with such a remarkable Group and further support its growth. Bain Capital will work closely with the Group, leveraging our expertise in supporting retail and consumer goods companies both globally and locally in Japan, to bolster the company’s continued growth. In addition, we will work closely with our in-house real estate specialist team to provide comprehensive support to maximize the value of the group-operated facilities by taking on initiatives such as attracting the best tenants to these facilities," Naofumi Nishi, Bain Capital Partner.