KKR & Co. Inc. (NYSE:KKR), a leading global investment firm, announced that FK Co. Ltd. (the ?Offeror?), an entity owned by investment funds managed by KKR, intends to make a tender offer to acquire all the outstanding shares of Fuji Soft Incorporated (TSE:9749).
The proposed tender offer price of JPY 8,800 per share has been determined based on negotiations between KKR and FUJI SOFT. The transaction will be financed predominantly from KKR?s Asian Fund IV. Hiro Hirano, Deputy Executive Chairman of KKR Asia Pacific and CEO of KKR Japan, said, ?As Japan's IT services industry enters a transformative period of digitalization marked by the expanded use of cloud, IoT, and generative AI, we are pleased to have the opportunity to invest in a market leader in FUJI SOFT.
We look forward to leveraging KKR?s global platform and industry expertise in the IT services sector to accelerate FUJI SOFT?s long-term growth and to unlock greater value for Japanese businesses and their customers?.