Bain Capital Raises Fuji Soft Bid to $4.3 Billion in Rivalry With KKR

The private equity firms are locked in a rare bidding war for the Japanese software company, with Bain's latest offer surpassing KKR's by 1.6%.

Bain Capital has increased its offer for Fuji Soft to ¥9,600 per share, valuing the company at approximately ¥647 billion ($4.3 billion).
The bid is 1.6% higher than KKR's recent offer of ¥9,451 per share, intensifying the competition between the two private equity firms.
KKR has already secured over one-third of Fuji Soft's shares, giving it the ability to block Bain's privatization efforts.
Fuji Soft's management has expressed support for KKR's bid and rejected Bain's earlier offer, citing concerns about its viability.
The bidding war highlights Japan's growing appeal for private equity investments, driven by corporate governance reforms and favorable market conditions.