08:28 AM EDT, 10/14/2024 (MT Newswires) -- (Updates with KKR's response in the third paragraph.)

Bain Capital said Friday it increased its binding offer by 650 yen to acquire Fuji Soft for 9,450 Japanese yen ($63) per share, higher than KKR's (KKR) offer of roughly 6,800 to 7,200 yen a share.

The management consulting firm intends to launch the offer late this month, Bain added.

"KKR has a demonstrated track record of collaborating with management teams and employees and unlocking growth for Japanese companies, which contributed to the reasons the board of Fuji Soft has twice recommended and supported our offer," a KKR spokesperson told Reuters and referred the statement to MT Newswires in an email.

Fuji Soft did not respond to MT Newswires' request for comment.

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