U.S. buyout fund Bain Capital has proposed a counter-offer to acquire Japanese software developer Fuji Soft, making a bid of approximately 600 billion yen (around $4.1 billion). This counter-offer is roughly 5% higher than the previous bid by private equity firm KKR, which had offered 8,800 yen per share. In contrast, Bain’s proposal suggests a price range of 9,200 to 9,300 yen per share. Despite this ongoing bidding war, Fuji Soft has been experiencing tension within its management, with significant shareholders like Singapore-based fund 3D Investment Partners pushing for external auditing to ensure fair consideration of multiple takeover proposals. Both Bain Capital and Fuji Soft declined to comment on the situation when asked.
Private Equity, Software Development,Japan, United States
https://www.zawya.com/en/wealth/wealth-management/bain-makes-41bln-counter-offer-to-kkrs-takeover-bid-for-fuji-soft-nikkei-says-v7iy1gld