Advantage, Bain, Olympus in second-round bidding for Yayoi
Advantage Partners, Bain Capital and Olympus Capital have reportedly advanced into the second round of bidding for MBK Partners-owned Japanese accounting software developer Yayoi, which is expected to be one of the biggest sales in the market this year.
Sources told Reuters that Yayoi may sell for more than $650 million - a contrast to reports earlier this month suggesting MBK hoped to sell the asset for JPY75 billion ($977 million). Media at the time...
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