KKR Moves To Seal Fuji Soft Deal With Founding Family Pact And Squeeze-Out Plan

KKR & Co. Inc. KKR inked a Memorandum of Understanding (MoU) with Japanese IT company Fuji Soft’s (TSE: 9749) founding family on March 24, 2025, to facilitate the company’s privatization.

As per the deal, the parties agreed to collaborate on executing a share consolidation, ensuring FK Co., Ltd. and NFC Corporation become the sole shareholders of Fuji Soft in a process known as the “Squeeze-out.” FK Co., Ltd. is an entity owned by investment funds managed by KKR.

They will also support and vote in favor of key privatization proposals, including the Squeeze-out, at the Extraordinary General Meeting of Shareholders on April 25, 2025.

Read: KKR To Support Fuji Soft Privatization Bid: Report

Additionally, the agreement includes the transfer of Fuji Soft shares held by NFC back to Fuji Soft following the completion of the Squeeze-out in a process referred to as the “Share Repurchase.”

Following the First and Second Tender Offers for Fuji Soft’s common shares and share options, FK will secure full ownership through the Squeeze-out and Share Repurchase.

The Share Repurchase is expected to take place after early June 2025, once the Squeeze-out is completed.

In February, Bain Capital withdrew its tender offer for Fuji Soft after KKR raised its bid in an extended bidding war.

Also, KKR had secured a 58% stake in Fuji Soft in February, making it the company’s largest shareholder.

Investors can gain exposure to the stock via FM Focus Equity ETF FMCX and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF LBO.

Price Action: KKR shares are up 0.17% at $122.18 premarket at the last check Tuesday.

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