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KKR, Bain quotes varied from $4.8 bln to $7.6 bln for 7 & i properties, sources state

Personal equity firms including KKR and Bain Capital offered from around 750 billion yen ($ 4.8 billion) to around 1.2 trillion yen ($ 7.6 billion) in a. preliminary of bidding for the noncore possessions of Japan's Seven. & & i Holdings, according to individuals familiar with the. matter.

KKR provided around 800 billion yen, individuals said. Rival. U.S. company Bain used around 1.2 trillion yen, one of the. individuals said. Regional buyout company Japan Industrial Partners provided. around 750 billion yen, one of the people said.

All three firms succeeded in the first round of bids. for the supermarket assets of the 7-Eleven operator, according. to the people, who declined to be determined due to the fact that the. info hasn't been made public. The size of the quotes hasn't. formerly been reported.

A spokesperson for Seven & & i decreased to comment, saying the. bidding procedure wasn't public. KKR, Bain and Japan Industrial. Partners also decreased to comment.

7 & & i is looking to hive off its non-core services,. including its vast supermarket operations, as a different. unit called York Holdings.

The retailer's founding family is in different talks to take. 7 & & i personal through a management buyout to fend off a $47. billion takeover from Canada's Alimentation Couche-Tard .

(source: Reuters)