TOKYO (Reuters) -U.S. non-public fairness agency Bain Capital is ready to lift its supply worth for Japan’s Fuji Comfortable to 9,600 yen ($63.35) per share, the newspaper reported on Wednesday, trumping a just lately elevated tender supply bid from rival KKR.
The elevated supply worth, at a 1.6% premium to KKR’s 9,451 yen a share bid, would mark the newest salvo within the operating battle between the 2 non-public fairness giants over the $4 billion software program maker.
The scramble for Fuji Comfortable has helped illustrate Japan’s rising prominence as a hotspot for offers, together with rising demand from non-public fairness corporations.
Within the first 10 months of this 12 months, Japan noticed a document $81 billion in inbound M&A, up 17-fold from the identical interval final 12 months, LSEG information reveals.
KKR elevated its tender supply worth to 9,451 yen per share final month, up from its authentic bid of 8,800 yen.
($1 = 151.5400 yen)
