Japan's Fuji Soft said on Thursday that KKR now owns nearly 58% of the company after the second stage of a tender offer, ending a fierce battle with rival Bain Capital to take the 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.

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.

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 & Co. has secured enough shares of Fuji Soft Inc. in a tender offer to take the company private, according to people familiar with the matter, formally ending a months-long bidding war against Bain Capital.

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,