KKR to raise Fuji Soft bid to 9,850 yen a share, above Bain's offer

Private equity firms' offers still remain below the IT company's share price

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)

February 4, 2025 15:31 JST

TOKYO (Reuters) -- U.S. private equity firm KKR will raise its offer price for Japanese IT company Fuji Soft by more than 4% to take it above a rival offer from Bain Capital, it said on Tuesday.

It is the latest salvo in a protracted bidding war that began in August, with KKR and Bain competing to buy Fuji Soft in tender offer bids worth as much as $2 billion.