Bain Capital makes counteroffer to KKR's takeover bid for Fuji Soft

Rare buyout competition in Japan raises acquisition price by 5%

Bain Capital is proposing a takeover bid for Fuji Soft estimated at around 9,200 to 9,300 yen ($63.13 to $63.81) per share, a price around 5% higher than KKR's offer. (Source photos by Nikkei)

TAKASHI OKU and KAORU TAKATSUKI, Nikkei staff writers

September 3, 2024 15:04 JST

Updated on September 3, 2024 18:01 JST

TOKYO -- U.S. private investment firm Bain Capital has made a counteroffer of 600 billion yen ($4.1 billion) to Japanese systems developer Fuji Soft to outdo a takeover bid by fellow U.S. private equity firm KKR, Nikkei has learned.

KKR announced in August that it intends to make a tender offer to acquire all the outstanding shares of Fuji Soft at 8,800 yen per share, making the total deal around 560 billion yen ($3.8 billion). Fuji Soft's management said it is in favor of the acquisition.