KKR Enters into MoU with Founding Family of FUJI SOFT; to Acquire 100% of FUJI SOFT

March 25, 2025 at 02:10 AM EDT

KKR, a leading global investment firm, announced today that in connection with the privatization of FUJI SOFT INCORPORATED (TSE stock code 9749; “FUJI SOFT” or the “Company”) by FK Co., Ltd. (“FK”), an entity owned by investment funds managed by KKR, a Memorandum of Understanding (“MoU”) was entered into on March 24, 2025 with the founding family of FUJI SOFT to take the Company private.

Under the MoU, the parties agree to:

collaborate in the implementation of a share consolidation that will result in FK and NFC Corporation (“NFC”) becoming the only shareholders of FUJI SOFT (“Squeeze-out”);
vote in favor of various proposals concerning the privatization, including the Squeeze-out, at the Extraordinary General Meeting of Shareholders to be held on April 25, 2025; and
the transfer of FUJI SOFT shares held by NFC to FUJI SOFT after the completion of the Squeeze-out (“Share Repurchase”).

In addition to the securities that FK acquired through the First and Second Tender Offers for the common shares and share options of FUJI SOFT, the Squeeze-out and Share Repurchase will result in FK acquiring 100% of the shares of FUJI SOFT. The Extraordinary General Meeting of Shareholders for the Squeeze-out is scheduled to be held on April 25, 2025, and the Share Repurchase is currently planned after early June 2025, after the Squeeze-out takes effect.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.