financetom
Technology
financetom
/
Technology
/
KKR asks Fuji Soft to file injunction against Bain's 'breach of NDA'
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
KKR asks Fuji Soft to file injunction against Bain's 'breach of NDA'
Jan 6, 2025 8:04 PM

TOKYO, Jan 7 (Reuters) - U.S. private equity fund KKR

said it has asked Fuji Soft to file for an

injuction in court to stop what it said was Bain Capital's

violation of a non-disclosure agreement (NDA) amid Bain and

KKR's acquisition battle for the software maker.

In a letter to Fuji Soft on Monday, KKR asked the Japanese

company to file an injunction to halt Bain Capital's "continued

breach of its non-disclosure agreement".

Bain on Tuesday said it has destroyed the confidential

information it had gathered as part of its due diligence process

but would continue with its tender offer.

Earlier in the day, Fuji Soft said it would consider the

appropriate response to KKR's injuction request.

KKR and Bain are trying to buy Fuji Soft in competing tender

offer bids worth as much as $2 billion.

The request by KKR ramps up the acrimony between two of the

biggest names in global private equity in their tug-of-war for

Fuji Soft.

It is rare for such a battle to unfold publicly in Japan - a

market where hostile bids have only become more common in recent

years and where most takeovers are still done on a friendly

basis.

New takeover guidelines introduced by the industry ministry

to spur corporate takeovers have begun to remove the long-held

stigma around unsolicited bids and encouraged lenders to finance

such proposals.

Fuji Soft's board has come out in support of KKR's lower bid

and demanded that Bain destroy the confidential information it

compiled during due diligence, but Bain proceeded with its bid,

now hostile, saying there was no reason for its higher offer to

be rejected.

Bain has said Fuji Soft is disregarding the interests of

shareholders and that it wanted to continue using the

information to launch its tender offer. Fuji Soft's founding

family has said it supports Bain's bid.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Zone & Co Launches First ERP-Native Global Payments Solution, Powered by TransferMate, Unlocking True End-to-End AP Automation
Zone & Co Launches First ERP-Native Global Payments Solution, Powered by TransferMate, Unlocking True End-to-End AP Automation
Nov 20, 2025
Finance teams can now move money worldwide, instantly, without leaving their ERP NEW YORK, Nov. 20, 2025 /PRNewswire/ -- Zone & Co, the leading ERP-native financial operations platform, today announced the launch of Zone AP Payments, the first ERP-native global payment solution for end-to-end AP automation. Built in partnership with TransferMate, the world's leading provider of embedded B2B payments...
Extend Brings Universal Expense Management to the SMB Market
Extend Brings Universal Expense Management to the SMB Market
Nov 20, 2025
Businesses can now connect all of their company cards to Extend for centralized visibility and expense automation. NEW YORK--(BUSINESS WIRE)-- Extend, a leading spend and expense management platform for SMBs, announced earlier today that it was expanding its reach to support virtually any credit card from all three major card networks. This marks a significant step forward for small...
SumUp Launches All-in-One Terminal for US Small Businesses
SumUp Launches All-in-One Terminal for US Small Businesses
Nov 20, 2025
New handheld payments and ordering device combines full POS functionality, payment acceptance, and business management tools in one powerful, standalone solution for American entrepreneurs. BOULDER, CO / ACCESS Newswire / November 20, 2025 / SumUp, the financial technology company dedicated to empowering small merchants, today announces the U.S. launch of its new SumUp Terminal, an all-in-one, handheld device that brings...
SignalPlus: Enabling Institutional Excellence in Digital Asset Trading
SignalPlus: Enabling Institutional Excellence in Digital Asset Trading
Nov 20, 2025
HONG KONG, Nov. 20, 2025 /PRNewswire/ -- SignalPlus, a leading provider of state-of-the-art software and infrastructure solutions for crypto derivatives, has been a preferred technology supporter for various institutional players in making a transformative impact across the digital asset trading space. Servicing a roster of some of the industry's biggest players, including Cumberland, FalconX, Galaxy, and Goldman Sachs, SignalPlus provides...
Copyright 2023-2026 - www.financetom.com All Rights Reserved