TPG, a private equity firm from the United States, eyed Seibu Holdings as its next investment project. The company is interested in either purchasing a stake from Cerberus Capital Management, the top shareholder, or by acquiring new shares, according to sources who chose to remain anonymous.

TPG said that it sees a bright opportunity in placing investment to Seibu Holdings' businesses. The potential value that the Japanese firm could have will come from its Prince Hotel chain. Initial talks have occurred prior to the report regarding the purchase.

With another financial party in the picture, Cerberus' efforts to shake up the Seibu management could potentially be in vain. The company is still Seibu's largest investor with a total amount of 35.48%

Seibu and Cerberus have been reportedly clashing against each other, which many consider to be a test of the Japanese government's resiliency and receptivity to foreign capital. This came after the Japanese Prime Minister Shinzo Abe proposed a plan for the country's economic deregulation.