Softbank’s Fund Acquires Seibu-Sogo Department Store, the Transaction Price May Exceed 200 Billion yen

7月 26, 2022

On Nov. 11, Japanese retail giant Seven & i Holdings Co. announced the sale of its department store Sogo & Seibu to Fortress Investment Group (hereinafter referred to as “Fortress”), an investment fund of SoftBank Group. The exact amount of the transaction has not yet been disclosed.
Under the terms of the transaction, Seven & i will transfer its outstanding Sogo & Seibu shares to a special purpose company owned by Fortress. The transaction is expected to close in the first quarter of 2023.

The transfer price will be based on Sogo & Seibu’s enterprise value …

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Tags: department store Japan M&A

Softbank’s Fund Acquires Seibu-Sogo Department Store, the Transaction Price May Exceed 200 Billion yen

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Softbank’s Fund Acquires Seibu-Sogo Department Store, the Transaction Price May Exceed 200 Billion yen

This is a subscriber-only content.Become a LUXEPLACE Subscriber to unlock the full-text.

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Become a LUXEPLACE Subscriber to unlock the full-text.