{"id":758369,"date":"2023-05-12T05:58:04","date_gmt":"2023-05-12T09:58:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/"},"modified":"2023-05-12T05:58:04","modified_gmt":"2023-05-12T09:58:04","slug":"kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/","title":{"rendered":"KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li><i>KKR increases its majority stake in the local innovative value retailer of choice to 85%<\/i><\/li>\n<li><i>Rakuten and Seiyu to continue leveraging retail expertise across online grocery delivery, cashless payments and data-driven marketing<\/i><\/li>\n<\/ul>\n<p>TOKYO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nKKR, a leading global investment firm, and Rakuten Group, Inc., (\u201cRakuten\u201d) today announced the signing of definitive agreements under which a fund managed by KKR will purchase Rakuten\u2019s stake in Seiyu (the \u201cCompany\u201d), a leading, nationwide supermarket chain in Japan. With this purchase, KKR increases its stake in Seiyu from 65% to 85%<sup>1<\/sup>.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230511006023\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230511006023\/en\/<\/a><\/p>\n<p>\nKKR and Rakuten, together with Seiyu\u2019s third shareholder, Walmart, have collaborated to support Seiyu\u2019s growth since KKR and Rakuten completed their investments in the Company in 2021. Support initiatives have included: improving product quality, user experiences, and store operations, and renovating and refurbishing stores, which have enabled Seiyu to deliver greater value and convenience. Customers have benefited from a range of initiatives, such as:<\/p>\n<ul class=\"bwlistdisc\">\n<li>\nThe convenience of cashless payment methods in Seiyu stores, including Rakuten Pay and Rakuten Edy, as well as Japan\u2019s leading membership loyalty program, Rakuten Points.<sup>2<\/sup><\/li>\n<li>\nImproved quality and selection of products, especially for fresh produce and delicatessen<\/p>\n<\/li>\n<li>\nOptimized and improved store operations and processes as a result of leveraging KKR\u2019s operational expertise; and<\/p>\n<\/li>\n<li>\nEnhanced online-merges-with-offline (OMO<sup>3<\/sup>) initiatives as a result of strategic collaboration amongst Seiyu\u2019s shareholders<\/p>\n<\/li>\n<\/ul>\n<p>\nFollowing this transaction, Rakuten will continue to be an important strategic partner to Seiyu and will work closely with the Company\u2019s management and shareholders to further strengthen Seiyu\u2019s offering to customers, prioritizing value and convenience.<\/p>\n<p><b>Hiro Hirano, Co-Head of Private Equity for KKR Asia Pacific and CEO of KKR Japan<\/b>, said, \u201cWe are pleased to deepen our relationship with Seiyu, an iconic Japanese brand in which we continue to see strong promise. We look forward to unlocking the company\u2019s full potential through the continued strategic partnership with Rakuten and Walmart, which brings together our respective expertise in investing behind a company\u2019s growth, global best-in-class practices, and thoughtful customer experience. Together, we remain focused on helping Seiyu continue to deliver greater value and convenience to its customers across Japan and maintain its strong growth.\u201d<\/p>\n<p><b>Tsuneo Okubo, President and Representative Director of Seiyu Holdings Co. and Seiyu Co., Ltd.<\/b>, said, \u201cSeiyu aims to become Japan\u2019s No. 1 supermarket and online supermarket by 2025, in line with our medium-term management plan, building on the new management structure introduced in 2021. Seiyu is focused on building a virtuous cycle of investment in our human capital, information systems, and stores, with greater profits and value generated through better quality products and strengthened sales capability. While maintaining our philosophy of \u201cEvery Day Low Price,\u201d we strive to provide services and products that increase customer satisfaction through improved freshness and quality. We are pleased that our operating income in FY22 saw a 50% year-on-year growth, which is evidence that our business transformation program is progressing well. Through our ongoing strategic partnership with Rakuten, we will continue to strengthen our digital marketing and aim to become the leading OMO retailer in Japan.&#8221;<\/p>\n<p><b>Kazunori Takeda, Director and Group Executive Vice President and President of Commerce &amp; Marketing Company, Rakuten Group, Inc.<\/b>, said, \u201cWith the strong support and retail expertise of KKR, our collaboration with Seiyu has been extremely fruitful, with strong growth in the popular Rakuten Seiyu Netsuper online grocery delivery service, introduction of Rakuten cashless payment options and strengthening customer acquisition programs and product promotions by utilizing Rakuten Points. We will continue working together to deliver greater levels of convenience to our customers.\u201d<\/p>\n<p>\nKKR is making its investment from its Asian Fund IV. Further details of the investment have not been disclosed.<\/p>\n<p><b>About KKR<\/b><\/p>\n<p>\nKKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR\u2019s insurance subsidiaries offer retirement, life, and reinsurance products under the management of Global Atlantic Financial Group. References to KKR\u2019s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR &amp; Co. Inc. (NYSE: KKR), please visit KKR\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.kkr.com&amp;esheet=53399272&amp;newsitemid=20230511006023&amp;lan=en-US&amp;anchor=www.kkr.com&amp;index=1&amp;md5=f9316887827e438618e8f2fa69b0ed9d\">www.kkr.com<\/a> and on Twitter @KKR_Co.<\/p>\n<p><b>About Seiyu<\/b><\/p>\n<p>\nEstablished in 1963, Seiyu is a nationwide supermarket chain in Japan with more than 300 retail units. Through its supermarket and hypermarket formats and Rakuten Seiyu Netsuper delivery service, Seiyu offers customers a broad assortment including fresh food, general merchandise, and apparel products across Japan from Hokkaido to Kyushu. In pursuit of our mission, \u201cMaking our customers\u2019 everyday life better with Seiyu,\u201d Seiyu continues to innovate to become a leading OMO retailer, enhancing its EDLP strategy by ensuring thorough operational efficiency &amp; technological excellence powered by KKR, Rakuten and Walmart.<\/p>\n<p><b>About Rakuten<\/b><\/p>\n<p>\nRakuten Group, Inc. (TSE: 4755) is a global leader in internet services that empower individuals, communities, businesses and society. Founded in Tokyo in 1997 as an online marketplace, Rakuten has expanded to offer services in e-commerce, fintech, digital content and communications to approximately 1.7 billion members around the world. The Rakuten Group has approximately 32,000 employees, and operations in 30 countries and regions. For more information visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fglobal.rakuten.com%2Fcorp%2F&amp;esheet=53399272&amp;newsitemid=20230511006023&amp;lan=en-US&amp;anchor=https%3A%2F%2Fglobal.rakuten.com%2Fcorp%2F&amp;index=2&amp;md5=b16883710a37ddf5ab45ed30485c9a09\">https:\/\/global.rakuten.com\/corp\/<\/a>.<\/p>\n<p><sup>1<\/sup> On the basis of shares with voting rights.<br \/>\n<br \/><sup>2<\/sup> Source: \u201cSurvey on Points Systems.\u201d Valid responses: 1,000. Online survey conducted by MyVoice Communications, Inc., November 2022.<br \/>\n<br \/><sup>3<\/sup> Online Merges with Offline\u201d (OMO) refers to breaking down barriers between online services and offline brick-and-mortar stores in the retail space in order to provide customers with seamless, personalized experiences.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230511006023r2&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230511006023\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230511006023\/en\/<\/a><\/span><\/p>\n<p><b>Media<br \/>\n<\/b><br \/><b>Rakuten Group, Inc.<br \/>\n<\/b><br \/>Corporate Communications Department<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:global-pr@mail.rakuten.com\">global-pr@mail.rakuten.com<\/a><\/p>\n<p><b>Seiyu<br \/>\n<\/b><br \/>Miyuki Moriguchi<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:miyuki_moriguchi@seiyu.com\">miyuki_moriguchi@seiyu.com<\/a><\/p>\n<p><b>KKR<br \/>\n<\/b><br \/>KKR Asia Pacific<br \/>\n<br \/>Wei Jun Ong<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:WeiJun.Ong@kkr.com\">WeiJun.Ong@kkr.com<\/a><\/p>\n<p>\nFGS Global (for KKR Japan)<br \/>\n<br \/>Deborah Hayden, +81 70 2492 0463<br \/>\n<br \/>Samuel Brustad, +81 70 3853 3284<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:KKR-TYO@fgsglobal.com\">KKR-TYO@fgsglobal.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Japan Asia Pacific<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Retail Technology Supermarket Finance Fintech Internet<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230511006023\/en\/836959\/3\/kkr_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230511006023\/en\/1792064\/3\/Rakuten_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230511006023\/en\/1792065\/3\/Seiyu_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares KKR increases its majority stake in the local innovative value retailer of choice to 85% Rakuten and Seiyu to continue leveraging retail expertise across online grocery delivery, cashless payments and data-driven marketing TOKYO&#8211;(BUSINESS WIRE)&#8211; KKR, a leading global investment firm, and Rakuten Group, Inc., (\u201cRakuten\u201d) today announced the signing of definitive agreements under which a fund managed by KKR will purchase Rakuten\u2019s stake in Seiyu (the \u201cCompany\u201d), a leading, nationwide supermarket chain in Japan. With this purchase, KKR increases its stake in Seiyu from 65% to 85%1. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230511006023\/en\/ KKR and Rakuten, together with Seiyu\u2019s third shareholder, Walmart, have collaborated &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-758369","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares KKR increases its majority stake in the local innovative value retailer of choice to 85% Rakuten and Seiyu to continue leveraging retail expertise across online grocery delivery, cashless payments and data-driven marketing TOKYO&#8211;(BUSINESS WIRE)&#8211; KKR, a leading global investment firm, and Rakuten Group, Inc., (\u201cRakuten\u201d) today announced the signing of definitive agreements under which a fund managed by KKR will purchase Rakuten\u2019s stake in Seiyu (the \u201cCompany\u201d), a leading, nationwide supermarket chain in Japan. With this purchase, KKR increases its stake in Seiyu from 65% to 85%1. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230511006023\/en\/ KKR and Rakuten, together with Seiyu\u2019s third shareholder, Walmart, have collaborated &hellip; Continue reading &quot;KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-12T09:58:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230511006023r2&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares\",\"datePublished\":\"2023-05-12T09:58:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\\\/\"},\"wordCount\":1057,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20230511006023r2&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\\\/\",\"name\":\"KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/","og_locale":"en_US","og_type":"article","og_title":"KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares - Market Newsdesk","og_description":"KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares KKR increases its majority stake in the local innovative value retailer of choice to 85% Rakuten and Seiyu to continue leveraging retail expertise across online grocery delivery, cashless payments and data-driven marketing TOKYO&#8211;(BUSINESS WIRE)&#8211; KKR, a leading global investment firm, and Rakuten Group, Inc., (\u201cRakuten\u201d) today announced the signing of definitive agreements under which a fund managed by KKR will purchase Rakuten\u2019s stake in Seiyu (the \u201cCompany\u201d), a leading, nationwide supermarket chain in Japan. With this purchase, KKR increases its stake in Seiyu from 65% to 85%1. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230511006023\/en\/ KKR and Rakuten, together with Seiyu\u2019s third shareholder, Walmart, have collaborated &hellip; Continue reading \"KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/","og_site_name":"Market Newsdesk","article_published_time":"2023-05-12T09:58:04+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230511006023r2&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares","datePublished":"2023-05-12T09:58:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/"},"wordCount":1057,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230511006023r2&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/kkr-increases-majority-stake-in-seiyu-with-acquisition-of-rakuten-shares-2\/","name":"KKR Increases Majority Stake in Seiyu With Acquisition of Rakuten Shares - 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