KKR & Co. has raised its bid for Fuji Soft Inc., surpassing a competing offer from Bain Capital. The private equity firm will now pay 9,451 yen ($60.86) per share, up from its initial bid of 8,800 yen. This new offer also exceeds Bain's proposal by 1 yen, securing the support of Fuji Soft's board.

The move highlights KKR's aggressive strategy in the private equity market as it aims to strengthen its position in the Japanese software industry. The updated bid reflects KKR's commitment to acquiring Fuji Soft, a major player in the industry, amid ongoing negotiations and rival offers.

This demonstrates KKR's determination to secure its position in the Japanese software industry by outbidding its competitors. The increased offer of 9,451 yen per share, which is 1 yen higher than Bain Capital's proposal, has gained the support of Fuji Soft's board. KKR's aggressive approach in the private equity market is evident in its pursuit of Fuji Soft and its commitment to the acquisition.