By Reuters | Updated: August 7, 2024
TOKYO, Aug 7 (Reuters) – U.S. private equity firm KKR & Co (KKR.N) plans to help Japanese system developer Fuji Soft (9749.T) 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)
—
@ Thomson Reuters 2024
