TOKYO (Reuters) – U.S. non-public fairness agency Bain Capital is ready to lift the worth of its bid for Japan’s Fuji Delicate to 9,600 yen ($63.35) per share, the newspaper reported on Wednesday, surpassing the not too long ago elevated takeover bid from its rival KKR.
The rise within the supply worth, at a 1.6% premium to KKR’s 9,451 yen per share supply, would mark the most recent salvo within the ongoing battle between the 2 non-public fairness giants for the $4 billion software program maker.
The push to Fuji Delicate helped illustrate Japan’s rising significance as a deal hotspot, together with rising demand from non-public fairness corporations.
Within the first 10 months of this 12 months, Japan noticed a file $81 billion in inbound mergers and acquisitions, a 17-fold improve from the identical interval final 12 months, based on LSEG information .
KKR raised the worth of its tender supply to 9,451 yen per share final month, up from its preliminary supply of 8,800 yen.
($1 = 151.5400 yen)
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