TOKYO (Reuters) -U.S. private equity firm Bain Capital is set to raise its offer price for Japan’s Fuji Soft to 9,600 yen ($63.35) per share, the newspaper reported on Wednesday, trumping a recently increased tender offer bid from rival KKR.
The increased offer price, at a 1.6% premium to KKR’s 9,451 yen a share bid, would mark the latest salvo in the running battle between the two private equity giants over the $4 billion software maker.
The scramble for Fuji Soft has helped illustrate Japan’s growing prominence as a hotspot for deals, including rising demand from private equity firms.
In the first 10 months of this year, Japan saw a record $81 billion in inbound M&A, up 17-fold from the same period last year, LSEG data shows.
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