Japanese professional software developer Fuji Soft has not invented any miracle programs, but this week it finds itself at the heart of a financial duel between the two American private equity giants KKR and Bain Capital.
Taking advantage of the collapse of the yen that has driven down the cost of all acquisitions in Japan, Bain Capital said Tuesday it was willing to spend 600 billion yen ($4.3 billion) to buy all of Fuji Soft and delist it from the Tokyo Stock Exchange, where it is currently listed.
