KKR Faces Competition From Bain Capital For Fuji Soft Bid: Report

U.S. buyout firm Bain Capital reportedly plans to counter-offer to acquire Japanese software developer Fuji Soft for approximately 600 billion yen ($4.1 billion), surpassing a rival bid from equity fund KKR & Co. Inc. KKR.

Bain Capital stated that its offer exceeds KKR’s 8,800 yen per share bid by about 5%, reported Reuters.

As per the report, Fuji Soft’s management has been in conflict with major shareholders, including Singapore-based 3D Investment Partners.

In August, KKR disclosed plans to buy Fuji Soft to take it private, valued at about 600 billion yen ($4.09 billion).

At the time, Fuji Soft announced that a special committee of its external board directors was evaluating value-maximizing options, including the privatization plan.

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

Also Read: KKR Bets Big On Education With Instructure Purchase For $4.8B

Price Action: KKR shares are down 0.83% at $122.74 at the last check Tuesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.