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.

TOKYO: Private equity firms KKR and Bain Capital each offered more than US$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 & 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 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 first round of bidding for the non-core assets of Japan's Seven & i Holdings,