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.

TOKYO -- U.S. private equity firm Bain Capital on Monday withdrew its planned bid to take over Japan's Fuji Soft, ending a battle to acquire the systems developer that had been raging with rival investor KKR for more than five months.

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,

TOKYO (Reuters) - 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.

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.

Bain Capital announced on Monday that it will not pursue a tender offer for Fuji Soft, concluding a heated takeover battle with KKR for the Japanese IT firm. Bains withdrawal follows KKRs decision to raise its offer

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.