Bain Capital plans to raise its bid for Japan’s Fuji Soft to 9,600 yen ($63.35) per share, surpassing rival KKR’s recent offer of 9,451 yen, according to the Nikkei. This marks a 1.6% premium over KKR’s bid in the ongoing competition between the two private equity firms for the $4 billion software company.
This bidding war highlights Japan’s growing appeal for mergers and acquisitions (M&A), with inbound deals reaching a record $81 billion in the first ten months of 2024, a 17-fold increase year-over-year.
KKR previously raised its offer from 8,800 yen to 9,451 yen in October.
