Money Makers Mentor

KKR Acquires Japanese Supermarket Chain Seiyu

Investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR) has announced this week that it has acquired a 65% stake in Japanese supermarket chain Seiyu GK. Japanese online retailer Rakuten Inc., is also part of the deal, and has acquired a 20% stake in Seiyu.

Seiyu has previously been owned by US retailer, Walmart Inc. The company’s ownership of Seiyu began in 2002, when Walmart acquired a 6.1% stake in the company. The stake expanded to a majority interest in 2005, and in 2008 the company acquired 100% of Seiyu. Walmart will continue to own a 15% stake in Seiyu, and will still provide Seiyu with access to its global retail best practices, sourcing network, and scale.

The deal has valuated the Japanese retailer at approximately $1.6 billion (¥172.5 billion). The transaction expe…

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