KKR has secured enough shares to take Fuji Soft private, days after rival Bain Capital dropped out from a bidding war for the Japanese software company valued at more than $4 billion.

Bain Capital said it will give up its pursuit of Fuji Soft Inc., ending a months-long bidding war with KKR & Co. to take the Japanese software company private.

KKR first launched its bid in August last year but Bain countered higher in October and had the backing of Fuji Soft's founder, Hiroshi Nozawa. Nevertheless, Fuji Soft's board supported KKR over Bain, prompting Bain to attempt a hostile bid in December and ramp up its criticism of the board.

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Completion of the two-stage offer will give KKR a 57.92% stake in the Japanese software company, the New York-based firm said in a statement on Thursday. It aims to acquire the remaining shares through a squeeze-out process at an extraordinary shareholder meeting scheduled for late April.

U.S. private equity firm KKR has secured a 57.92% stake in Fuji Soft after the second stage of its tender offer bid, ending a fierce battle with rival Bain Capital to take the Japanese software developer private.

KKR has secured enough shares to take Fuji Soft private, days after rival Bain Capital dropped out from a bidding war for the Japanese software company valued at more than $4 billion.

KKR (NYSE:KKR) has acquired a 57.92% stake in Fuji Soft for $4.4B, marking victory in a competitive takeover battle against Bain Capital (NYSE:BCSF). This concludes a months-long bidding war that saw KKR (NYSE:KKR) outbid Bain with an offer of ¥9,

KKR (NYSE: KKR) has emerged victorious in a months-long battle for control of Fuji Soft, securing a 57.92% stake in the Japanese software company after the second stage of its tender offer bid. This marks the end of a fierce competition with Bain Capital,