KKR Secures Majority Stake in Fuji Soft After Bidding War With Bain

The U.S. private equity firm plans to take the Japanese software developer private following a $4.4 billion acquisition bid.

KKR has acquired a 57.92% stake in Fuji Soft, ending a protracted bidding war with rival Bain Capital.
The two-stage tender offer, valued at approximately $4.4 billion, will allow KKR to take the company private through a squeeze-out process in April.
Bain Capital withdrew its takeover proposal earlier this week, following months of escalating bids and a rare hostile bid attempt.
Fuji Soft's board supported KKR's bid despite opposition from the company's founder, Hiroshi Nozawa, who had backed Bain's higher offer.
The acquisition highlights growing interest from global investors in Japanese companies with underutilized assets and opportunities for corporate governance reforms.