U.S. buyout firm Bain Capital reportedly plans to counter-offer to acquire Japanese software developer Fuji Soft for approximately 600 billion yen ($4.1 billion), surpassing a rival bid from equity fund KKR & Co. Inc. ( KKR ) .

Bain Capital stated that its offer exceeds KKR’s 8,800 yen per share bid by about 5%, reported Reuters.

As per the report, Fuji Soft’s management has been in conflict with major shareholders, including Singapore-based 3D Investment Partners.

In August, KKR disclosed plans to buy Fuji Soft to take it private, valued at about 600 billion yen ($4.09 billion).

At the time, Fuji Soft announced that a special committee of its external board directors was evaluating value-maximizing options, including the privatization plan.

Investors can gain exposure to the stock via FM Focus Equity ETF ( FMCX ) and EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF .

Also Read: KKR Bets Big On Education With Instructure Purchase For $4.8B

Price Action: KKR shares are down 0.83% at $122.74 at the last check Tuesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.