TOKYO (Reuters) -U.S. non-public fairness agency Bain Capital is ready to boost its supply worth for Japan’s Fuji Comfortable to 9,600 yen ($63.35) per share, the newspaper reported on Wednesday, trumping a not too long ago 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 most recent salvo within the working 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 companies.
Within the first 10 months of this 12 months, Japan noticed a file $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 unique bid of 8,800 yen.
($1 = 151.5400 yen)
