Monday, December 23, 2024

Factbox-Seven & i’s reported offer and the biggest management buyouts to date

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By Kane Wu

HONG KONG (Reuters) – Japan’s Seven & i Holdings said on Wednesday it has received a buyout proposal from its vice president who is a member of its founding Ito family.

The statement follows a Bloomberg report that the 7-Eleven owner was considering a management buyout offer (MBO) worth up to $58 billion, which would make it the largest by far in history.

Below are the top 10 MBOs globally ranked by size, according to LSEG data. All deal values include debt and liabilities.

HCA Inc

The biggest U.S. hospital company was taken private in 2006 for $32.9 billion, when its founder teamed up with private equity firms including KKR & Co and Bain Capital.

Kinder Morgan Inc

The oil and gas pipeline operator agreed to a $21.6 billion buyout offer in 2006 from an investor group that included Chief Executive Richard Kinder.

Dell Inc

In 2013, Michael Dell struck a deal to take Dell Inc private for $21.5 billion in the biggest leveraged buyout since the financial crisis, partnering with private equity firm Silver Lake and Microsoft.

Alliance Boots

Britain’s biggest pharmacy chain agreed in 2007 to a $19.6 billion take-private offer from KKR and billionaire Stefano Pessina, its deputy chairman and largest shareholder.

Qihoo 360 Technology

China’s Qihoo 360 was acquired in 2015 by a consortium led by Chief Executive Hongyi Zhou for $10.3 billion, marking Asia’s larget MBO to date.

Aramark

A management-led investor group, including Aramark’s CEO Joseph Neubauer and Warburg Pincus, acquired the company, a provider of management services, for $8.3 billion in 2006.

Cequel Communications

In 2012, a management-led investor group, backed by UK’s BC Partners and the Canada Pension Plan Investment Board, acquired the St. Louis-based cable services company for $6.6 billion.

Beatrice Companies

KKR led an investor group that included Beatrice’s management to acquire the food processor for $6.1 billion in 1985.

Hospital Corp of America

In 1988, the management of the Nashville-based hospital chain acquired the company in a deal that valued it at $4.9 billion.

Station Casinos Inc

An acquisition vehicle formed by company’s Chairman and CEO Frank J Fertitta and Colony Capital bought acquired the remaining 88.89% interest plus options that it did not already own in the operator of hotels and casinos for $4.8 billion in 2006.

(Reporting by Kane Wu; Editing by Edwina Gibbs)

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