Simpson Thacher is representing KKR in its acquisition of Rakuten Group, Inc.’s (TSE: 4755) stake in Seiyu. With this purchase, KKR will increase its stake in Seiyu from 65% to 85%. Walmart Inc. (NYSE: WMT) will retain its 15% stake.~~Seiyu is a leading, nationwide supermarket chain in Japan. KKR, Rakuten and Walmart have collaborated to support Seiyu’s growth since KKR and Rakuten completed their investments in Seiyu in 2021.~~The Simpson Thacher team includes Noritaka Kumamoto, Jonathan Stradling and Daisuke Ueta (M&A); and Makiko Harunari and Atsushi Usui (Credit).