KKR to Buy Accounting-Software Business From Japan's Orix Corp.
17 Dicembre 2021 - 8:44AM
Dow Jones News
By Kosaku Narioka
KKR & Co. agreed to buy accounting-software business Yayoi
from Japan's Orix Corp.
KKR said Friday that it would help Yayoi shift to the next phase
of growth and enhance its work to meet the needs of Japanese small
and medium-sized enterprises seeking accounting services.
Orix didn't disclose the selling price for Yayoi, citing a
confidentiality agreement.
Japanese business daily Nikkei reported last week that Orix was
set to sell Yayoi to KKR for about Y240 billion ($2.11
billion).
Orix said Friday that it would book a Y163.2 billion gain from
the sale of the business, which is expected to be completed March
1.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
December 17, 2021 02:29 ET (07:29 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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