PE majors gear up for Seijo Ishii bid
Seijo Ishii Ltd, the Japanese upmarket superstore chain operator indirectly owned by Advantage Partners, has been approached by a host of private equity funds and investors including Bain Capital and CVC Capital Partners, as well as financial/ leasing company Orix Corp. Local buyout firm Marunouchi Capital Co, a joint venture between Mitsubishi Corp and Mitsubishi UFJ Securities Holdings is also potential buyer.
According to a report by Reuters, the highest bid came from Orix, which was said to submit the highest bid at between ¥735 billion ($418 million) and ¥40 billion ($478 million). Seiji Ishii is currently...
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