Finance
KKR-Bain Brawl Worth $4 Billion Shows Japan Private Equity Boom
- Buyout firms are taking bolder steps to clinch deals
- KKR is bullish on Japan, where its returns are biggest
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When KKR & Co. offered almost $4 billion for a Japanese IT consulting company back in August, the proposal generated buzz in the country’s burgeoning buyout market.
What came next was unprecedented. Bain Capital made a public rival bid for Fuji Soft Inc. that was 7% higher, a move that one dealmaker likened to a last-minute extra inning in baseball. It set off a rare open tussle between the private equity giants that has shocked investors.