TapTechNews August 8th news, according to the Nikkei, the US private equity firm KKR plans to make an offer to acquire the Japanese system developer FujiSoft with an expected offer of 600 billion yen (TapTechNews note: currently about 29.35 billion yuan). The expected acquisition price is slightly lower than 9000 yen per share, about 20% higher than the closing price on Wednesday.
FujiSoft said on Wednesday that a special committee composed of external directors is considering value-maximizing options including a privatization plan, and the board of directors will hold a meeting on Thursday to discuss the privatization matter, and the company will soon disclose whether it has made any decisions.
The Nikkei said that there is a conflict between FujiSoft and the largest shareholder, Singapore's 3DInvestmentPartners (holding 21.45%), and the focus of the dispute is the core role of the founding family in the company's management. This investment fund has urged FujiSoft to take measures to improve capital efficiency.
FujiSoft's financial report shows that in 2023, the group's sales increased by 7% to 298.8 billion yen (currently about 14.616 billion yuan). Its medium-term plan target for annual sales by 2028 is 435 billion yen (currently about 21.279 billion yuan), and it calls for the creation of new businesses related to fields such as generative AI and 5G.