KKR Completes Tender Offer for Topcon (Management Buyout to Privatize)

KKR Launches Tender Offer to Take FUJI SOFT Private

November 7, 2024

IT Services

KKR, through an Offeror owned by funds it manages (FK Co., Ltd.), will commence a second-stage tender offer for FUJI SOFT Inc. at ¥9,451 per share after acquiring ~33.9% in a first-stage offer. FUJI SOFT's board has unanimously recommended shareholders tender into the second offer; KKR says the privatization will allow it to work with management to enhance corporate value.

True Wind Capital Acquires 19% Stake in SUNCORPORATION via Tender Offer

August 19, 2024

Manufacturing

True Wind Capital Management completed a tender offer to acquire 4,239,500 common shares (approximately 19%) of SUNCORPORATION for JPY 5,500 per share. The San Francisco-based private equity firm said the minority stake establishes a partnership with SUN's leadership to support long-term value creation and build on prior collaboration related to Cellebrite.

Capital Square Partners Takes Startek Private

January 5, 2024

IT Services

Funds managed by Capital Square Partners (CSP) completed a take-private acquisition of Startek, Inc. on January 5, 2024, paying $4.30 per share and delisting the company from the NYSE. CSP acquired the remaining shares it did not already own (reported ~ $75 million for the minority stake), gaining full ownership of the global customer experience (CX) provider which operates across 12 countries and employs ~38,000 associates.

EQT to Privatize Fujitec via USD 2.7B Tender Offer

July 29, 2025

Industrial Services

EQT (BPEA Private Equity Fund IX) intends to launch a USD 2.7 billion tender offer to privatize Fujitec, the Japanese elevators and escalators manufacturer. EQT expects to own 85% of Fujitec following the transaction, with the founding family rolling over a 15% minority stake.

Private Investment Group Acquires TK&K Services, LLC

January 7, 2026

Aerospace & Defense

TK&K Services, LLC, a Beverly, Massachusetts–based provider of aviation fuels management and environmental consulting/remediation services, has been sold to an unnamed private investment group. Osage Advisors served as exclusive financial advisor to TK&K and the buyer plans to support management as the business expands its service offerings and pursues growth opportunities.

KKR to Acquire a Majority Stake in Probe CX

September 30, 2021

IT Services

KKR will acquire a majority stake in Probe CX (Probe), alongside existing management, in a deal announced by Quadrant Private Equity, Five V Capital, Rodney Kagan, and other shareholders. The investment is expected to bolster Probe CX’s growth and strengthen its digital capabilities for customer experience (CX) and business process outsourcing (BPO) services.