U.S. private equity firm KKR has sweetened its offer for Japan's Fuji Soft by 4%, the latest salvo in its protracted and messy bidding war with Bain Capital for the $4 billion IT firm. The saga underscores an increasingly competitive dealmaking environment in Japan,

KKR raised its offer price to 9,850 yen ($63.44) per share from 9,451 yen per share, above Bain's most recent offer of 9,600 yen per share in December

U.S. private equity firm KKR KKR-N -2.30% has sweetened its offer for Japan’s Fuji Soft by 4 per cent, the latest salvo in its protracted and messy bidding war with Bain Capital BCSF-N -0.06% for the $4-billion IT firm.

U.S. private equity firm KKR will raise its offer price for Japanese IT company Fuji Soft by more than 4% to take it above a rival offer from Bain Capital, it said on Tuesday. It is the latest salvo in a protracted bidding war that began in August last year,

KKR & Co. raised its offer price for Fuji Soft Inc. to fend off a rival bid from Bain Capital, the latest chapter in a months-long battle for the Japanese software company.

The U.S. investment company KKR has increased its tender-offer price for the Japanese software firm Fuji Soft, in an effort to conclude its acquisition battle with competitor Bain Capital.