09:26 AM EST, 01/16/2025 (MT Newswires) -- KKR & Co. is considering taking a stake in a proposal by Seven & i Holdings Co.'s founding family to take the Japanese convenience store operator private, joining fellow private equity giant Apollo Global Management Inc. in the record buyout bid, people familiar with the matter said, Bloomberg is reporting Thursday

The US firm is discussing investing several hundred billion yen for an equity stake in the operator of 7-Eleven convenience stores, according to the people, who asked not to be identified as the information isn't public.

The report noted KKR's possible involvement comes on the heels of Apollo weighing a commitment of as much as (Yen)1.5 trillion to the buyout, and reflects the growing legitimacy of a proposal that began as an effort to fend off Alimentation Couche-Tard Inc.'s ( ANCTF ) interest in the Japanese retailer.

A KKR spokesperson declined to comment.

(Market Chatter news is derived from conversations with market professionals globally, and/or from other media sources. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)