TOKYO (Reuters) -U.S. personal fairness agency Bain Capital is about to lift its provide worth for Japan’s Fuji Smooth to 9,600 yen ($63.35) per share, the newspaper reported on Wednesday, trumping a lately elevated tender provide bid from rival KKR.
The elevated provide worth, at a 1.6% premium to KKR’s 9,451 yen a share bid, would mark the most recent salvo within the operating battle between the 2 personal fairness giants over the $4 billion software program maker.
The scramble for Fuji Smooth has helped illustrate Japan’s rising prominence as a hotspot for offers, together with rising demand from personal fairness companies.
Within the first 10 months of this yr, Japan noticed a file $81 billion in inbound M&A, up 17-fold from the identical interval final yr, LSEG information exhibits.
KKR elevated its tender provide worth to 9,451 yen per share final month, up from its authentic bid of 8,800 yen.
($1 = 151.5400 yen)
