Private equity firms Bain Capital and KKR bid over $5 billion for non-core assets of 7-Eleven's parent company Seven & I Holdings Co.

Separately, the retailer's founding family is in talks to take Seven & i private. That deal, a management buyout, is designed to fend off a $47bln takeover offer from Canada's Alimentation Couche-Tard

Private equity firms KKR and Bain Capital each offered more than $5 billion in first-round bids for the non-core assets of Japan's Seven & i Holdings, according to people familiar with the matter. KKR offered around 800 billion yen ($5.

KKR & Co. and Bain Capital LP are among private equity firms that have made offers for the non-core assets of Seven & i Holdings Co., Reuters reported Wednesday citing unidentified sources.

Private equity firms KKR and Bain Capital made offers for the non-core assets of Japan's Seven & i Holdings. KKR offered around 800 billion yen while Bain offered about 1.2 trillion yen. Japan Industrial Partners also participated with a 750 billion yen bid.