KKR to Assist Fuji Soft in Going Private through $4 Billion Management Buyout, Reports Nikkei via Reuters

TOKYO – U.S. private equity firm KKR & Co is reportedly planning to assist Japanese system developer Fuji Soft in going private through a management buyout valued at approximately 600 billion yen ($4.09 billion), according to a business daily report.

Fuji Soft is pursuing this buyout as a strategy to enhance its capital efficiency amidst ongoing disputes with major shareholders, including Singapore-based 3D Investment Partners.

In a statement released late Wednesday, Fuji Soft mentioned that a special committee made up of external board members is evaluating options aimed at maximizing value, which includes the privatization plan.

The board is scheduled to meet on Thursday to deliberate on the privatization, and Fuji Soft will announce any decisions that arise from this meeting.

($1 = 146.6200 yen)