Fortress borrowed approximately ¥230 billion from banks to fund its acquisition of Sogo & Seibu and acquired equity valued at ¥85 million. Meanwhile, Seven & i Holdings waived approximately ¥90 billion in claims, adjusting the valuation of shareholder value. The asset value of Seibu Ikebukuro flagship store was estimated at approximately ¥300 billion, and its sale to Yodobashi Camera was also considered.
Fortress borrowed approximately ¥230 billion from megabanks to acquire Sogo & Seibu. It is presumed that this borrowing also included the ¥85 million equity value, which Fortress used to acquire Sogo & Seibu's shares and replace its existing borrowings with megabank loans. Seven & i Holdings waived approximately ¥90 billion in claims as part of the transaction.
Sogo & Seibu's enterprise value was estimated at ¥220 billion. While Fortress acquired it at a shareholder value of ¥85 million, its asset value, including Seibu Ikebukuro flagship store, has been cited as approximately ¥300 billion. In addition, on 1 September 2023, Fortress announced plans to sell Seibu Ikebukuro flagship store to Yodobashi Holdings for just under ¥300 billion.
A report by The Nikkei suggested that approximately ¥20 billion of the transaction proceeds was allocated to fund the purchase of shares in Seven CS Card Service. The consolidation of Seven CS Card Service as a subsidiary and the integration of its card business are believed to have been factors behind the transaction. One stated objective was to acquire asset-management capabilities through Fortress's acquisition.