Bain Capital To Raise Offer For Fuji Soft Above KKR’s Tender, Reports Nikkei

US private equity firm Bain Capital plans to increase its offer price for Japan's Fuji Soft to 9,600 yen ($63.35) per share, surpassing the recently raised tender offer from rival KKR, Satoshi Sugiyama reported for Reuters.

Bain’s updated bid represents a 1.6% premium over KKR’s 9,451 yen per share offer. I Photo: RhythmicQuietude Wikimedia Commons

Bain’s updated bid represents a 1.6% premium over KKR’s 9,451 yen per share offer, marking another move in the fierce competition between the two firms for control of the $4 billion software maker.

The bidding war highlights Japan's emergence as a major destination for mergers and acquisitions, with private equity firms showing increased interest.

Japan has witnessed a record $81 billion in inbound M&A deals in the first 10 months of the year, a 17-fold increase compared to the same period last year, according to LSEG data.

KKR had initially offered 8,800 yen per share before raising its bid to 9,451 yen last month, only to be met with Bain’s latest counteroffer.