Orix Said to Be in Advanced Talks to Buy Software Maker Yayoi

Orix Corp. (8591), a Japanese financial services provider, is in advanced talks to buy accounting software maker Yayoi Co. from MBK Partners Ltd. for about $800 million, two people with knowledge of the matter said.

An agreement could be reached within two weeks, the people said, asking not to be identified as the information is private. MBK, a South Korean private equity firm, is still discussing the sale with other bidders and is seeking as much as $1 billion, one of the people said.

MBK is exiting an investment it made more than four years ago as the $3.7 billion private equity manager is considering raising an Asia fund next year, two people familiar with the matter said.

MBK bought Tokyo-based Yayoi in 2007 for 71 billion yen ($611 million at the time). Michael Kim, MBK’s founding partner, couldn’t be reached for comment. Manabu Ikeda, a spokesman at Orix, declined to comment. A call to Yayoi outside of regular business hours went unanswered.

Shares of Orix fell 0.8 percent to 6,620 yen at 10:17 a.m. on the Tokyo Stock Exchange. Japan’s benchmark Topix index declined 0.4 percent.

Seoul-based MBK fund focuses on buyout transactions in Korea, Japan and the Greater China region. The private-equity firm acquired Invoice Inc., a Japanese provider of telecommunications billing services, for $211 million last December. It also bought Universal Studios Japan in 2009 and acquired Tasaki & Co., a Japanese jewelry retailer, in 2008, according to the company’s website.

To contact the reporters on this story: Cathy Chan in Hong Kong at kchan14@bloomberg.net; Takako Taniguchi in Tokyo at ttaniguchi4@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser at lagerkranser@bloomberg.net

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