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LY and Bain up Kakaku bid to $4bn, surpassing EQT offer

privateequitywire

1 month ago

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SoftBank-backed LY Corp and Bain Capital have increased their offer for Japanese price comparison operator Kakaku.com, valuing the company at more than $4bn and moving ahead of a competing take-private proposal from EQT, according to a report by Reuters.
The report cites a statement on Thursday as confirming that the consortium is now offering JPY3,232 per share in an all-cash transaction, representing a 7.7% increase from its prior proposal of JPY3,000 per share. LY said Kakaku’s portfolio of d...

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