KKR and Walmart have agreed to sell Seiyu for about $2.5 billion, ending foreign ownership of one of Japan’s most well-known supermarket operators. The U.S. investment company plans to sell its 85% stake in Seiyu,

Japan's Trial Holdings said on Wednesday it would spend 382.6 billion yen ($2.55 billion) to acquire the Seiyu supermarket chain controlled by U.S. private equity fund KKR. Trial said in a release it would use existing cash and newly arranged bank borrowings to purchase Seiyu and make it a wholly owned subsidiary.

Darwinbox raised $140 million in a round led by KKR & Co. and Partners Group AG as it deepens its US presence and gears up for a stock-market debut.

Darwinbox is a mobile-first and AI-enabled human capital management platform that serves more than 1,000 businesses around the world. Over the past decade, Darwinbox has expanded internationally across multiple markets,