Marunouchi Capital Set To Buy Seijo Ishii Supermarkets

Marunouchi Capital, a Mitsubishi Corp affiliated investment fund, has begun final negotiations to acquire high-end supermarket operator Seijo Ishii Co., for more than 40 billion yen, according to Nikkei. Marunouchi Capital submitted the highest bid among the short-listed bidders. Seijo Ishii has been well known for its wide lineup of imported foods and its network of about 80 retail outlets in Tokyo, Osaka, Nagoya and other urban locations. The supermarket chain is a wholly owned subsidiary of Rex Holding Co., a PE (Advantage Partners)-backed food chain operator.