Private equity firm KKR has successfully become the largest shareholder in Japanese software developer Fuji Soft after completing the first stage of a two-part tender offer. KKR announced that it acquired 21.4 million shares, gaining control over 90% of the outstanding share options of Fuji Soft.

Through its investment vehicle FK Co, KKR secured a 35% stake in Fuji Soft during this initial phase. This acquisition grants KKR significant influence over the company's future, including the possibility of privatization, which Fuji Soft's board has suggested could enhance its value.

The second phase of the tender offer is scheduled for mid-November, where KKR plans to acquire the remaining shares at a fixed price of 8,800 yen (approximately $57.46) each. This strategic move positions KKR to further shape the direction of Fuji Soft in the coming months.