Seven & i to sell supermarket biz to Bain, split off U.S. 7-Eleven

Seven & i agreed to sell its supermarket business York Holdings to Bain Capital for nearly $5.4 billion, the company announced Thursday morning.

Why it matters: It's the latest in a series of deals that demonstrates PE's interest in grocery — which grants them reliable cash flow that can support debt and dividends, and valuable real estate assets.