Deals
Couche-Tard Seeks Pension Fund Backing for Seven & I Bid
- Retailer has reached out to funds including CDPQ, CPPIB, OTPP
- Couche-Tard is seeking billions of dollars from co-investors
A Couche-Tard convenience store in Montreal, Quebec.
Photographer: Allen McInnis/BloombergThis article is for subscribers only.
Alimentation Couche-Tard Inc. is seeking backing from some of Canada’s largest pension funds to support its proposed acquisition of 7-Eleven owner Seven & i Holdings Co., people familiar with the matter said.
The retailer is reaching out to funds including Caisse de Depot et Placement du Quebec, Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan to gauge their interest in providing equity, the people said. It’s seeking to raise several billion dollars from such co-investors, according to the people.