PE firm Apollo eyes $9.5 billion stake in Seven & i's buyout

Apollo Global Management is looking to invest in a plan by Seven & i's Ito family to privatize the Japanese convenience store operator. Apollo may invest up to ¥1.5 trillion. Ito family and Itochu Corporation are also key investors. Japan's top banks are expected to contribute to the financing. The buyout may be valued lower than initially planned.