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KKR to help Fuji Soft go private under $4 billion management buyout, Nikkei reports
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KKR to help Fuji Soft go private under $4 billion management buyout, Nikkei reports
Aug 7, 2024 4:30 AM

TOKYO (Reuters) - U.S. private equity firm KKR & Co plans to help Japanese system developer Fuji Soft go private under a management buyout worth about 600 billion yen ($4.09 billion), the Nikkei business daily reported on Wednesday.

Fuji Soft is planning the buyout to improve its capital efficiency amid ongoing conflicts with its major shareholders, including Singapore-based 3D Investment Partners, the Nikkei said.

Fuji Soft, in a late Wednesday statement, said a special committee consisting of its external board directors is considering value-maximising options, including the privatisation plan.

The board will meet on Thursday to discuss privatisation and the company will soon disclose if any decision is made, Fuji Soft said.

($1 = 146.6200 yen)

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