Bain Capital Raises Offer for Fuji Soft to $63.35 Per Share

Bain Capital is preparing to raise its bid for the acquisition of Japanese software company Fuji Soft. According to a recent report, Bain Capital plans to offer a purchase price of 9,600 yen (approximately $63.35) per share.

This new offer surpasses the recent bid of 9,451 yen per share made by another major player in the private equity space, KKR. Bain Capital's bid presents a 1.6% premium over KKR's offer.

Valued at around $4 billion, Fuji Soft has become a focal point of the ongoing competition between Bain Capital and KKR. The growing interest in the company indicates that Japan is increasingly becoming an attractive destination for investment, particularly for private equity firms.

The battle for control of Fuji Soft occurs against the backdrop of increased merger and acquisition activity in Japan. According to data from the London Stock Exchange Group (LSEG), there has been a record surge in inbound foreign mergers and acquisitions in the country, reaching a total of $81 billion in the first ten months of this year.

This figure represents a significant increase, marking a 17-fold rise compared to the volume recorded during the same period last year.