Bain Capital Launches Hostile Bid for Fuji Soft in $4.2 Billion Takeover Battle

The bidding war between Bain Capital and KKR intensifies as Bain moves forward without board approval, challenging KKR's board-backed offer.

Bain Capital announced plans to proceed with a hostile tender offer for Fuji Soft shares, bypassing the company's board of directors after its higher offer was rejected.
KKR, with the backing of Fuji Soft's board, currently holds 34% of the company's shares following the first stage of a two-part tender process.
Bain's latest offer of ¥9,600 per share values Fuji Soft at approximately $4.2 billion, 1.6% higher than KKR's ¥9,451 per share bid.
Fuji Soft's founding family, holding an 18.6% stake, has reaffirmed its support for Bain's offer, citing concerns over the board's decision-making process and governance.
The rare hostile takeover attempt highlights the growing demand for IT services in Japan's market, with Fuji Soft's software expertise and real estate assets seen as key attractions.