KKR acquires 35% of Fuji Soft after first stage of tender offer


FILE PHOTO Trading information for KKR amp Co is displayed on a screen on the floor of the New York Stock Exchange NYSE in New York U.S. August 23 2018. REUTERSBrendan McDermidFile Photo

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid/File Photo

TOKYO (Reuters) -Private equity firm KKR has acquired a 35% stake in Japanese software developer Fuji Soft after the first part of its two-stage buyout tender offer, the latter said in a statement on Wednesday.

Although rival Bain Capital had proposed a higher offer in October to take the Japanese company private, KKR now owns enough Fuji Soft shares to be able to block Bain's privatisation bid, a source familiar with the matter told Reuters.


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