KKR acquires 34% of Fuji Soft shares in bid to fend off rival Bain

U.S. funds battling to take Japanese systems company private

KKR and Bain Capital are going toe-to-toe to acquire Japanese systems developer Fuji Soft. (Source photos by screenshot from Fuji Soft's website and Yukinori Okamura)

KAORU TAKATSUKI, Nikkei staff writer

November 7, 2024 01:03 JST

TOKYO -- U.S. investment fund KKR acquired 33.86% of shares in Japanese systems developer Fuji Soft through a tender offer, the fund said Wednesday, aiming to take the company private while Bain Capital of the U.S. tries to do the same.

KKR completed the first stage of the two-stage tender offer on Tuesday. In the second round, which begins in mid-November, it will buy shares at the same price: 8,800 yen ($57) per share. KKR looks to control at least 53.22% of shares when the process is complete.