TOKYO (Reuters) – U.S. private equity firm Bain Capital is set to raise its bid price for Japan's FujiSoft to 9,600 yen ($63.35) per share, beating a recently increased bid from rival KKR, the newspaper reported on Wednesday.
Increasing the offer price, a 1.6% premium to KKR's offer of 9,451 yen per share, would be the latest salvo in the ongoing battle between the two private equity giants over the $4 billion software maker.
The scramble for FujiSoft helped illustrate Japan's growing importance as a hotspot for deals, including growing demand from private equity firms.
In the first 10 months of this year, Japan saw a record $81 billion in inbound mergers and acquisitions, a 17-fold increase from the same period last year, LSEG data show.
KKR raised its tender offer price to 9,451 yen per share last month, compared with its original offer of 8,800 yen.
($1 = 151.5400 yen)
