Seven & i also received a $47 billion offer from Alimentation Couche-Tard. Some of the world's biggest private equity companies have joined the race to own pieces of 7-Eleven's parent company. Private equity firms typically buy companies or subsidiaries they see as struggling and work to make them profitable before selling them as a whole or in parts after a couple of years. Rival convenience storeBesides the three buyout firms, the 7-Eleven parent also received a $47 billion takeover offer from Canadian multinational convenience store chain Alimentation Couche-Tard. Unlike the private equity firms, Couche-Tard appears to want to buy the whole company, including the 7-Eleven stores.

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Persons: Ito, Yokado, Tard, Junro Ito, Masatoshi Ito Organizations: KKR, Bain Capital, Alimentation, Holdings, Reuters, Japan Industrial Partners, Bank, York Holdings, Seven, Master Trust Bank of Japan, Bloomberg Locations: Japan