KKR acquires 58% of Fuji Soft, wins takeover battle with Bain
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KKR has acquired a 57.92% stake in Fuji Soft, winning a takeover battle against Bain Capital. KKR's successful bid of 9,850 yen per share concluded a fierce competition that included Bain's hostile bid and legal threats. The deal highlights Japan's active deal-making environment as global investors target companies with potential for improved governance and asset utilization. Fuji Soft's board favored KKR despite Bain's higher offer, which had support from the company's founder. The acquisition follows pressure from activist investors for Fuji Soft to enhance shareholder value.
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