TOKYO–(BUSINESS WIRE)–KKR, a leading global investment firm, today announced the completion of KKR�s acquisition of Yayoi Co., Ltd. (Yayoi), a software developer, distributor, and support service provider for small- and medium-sized enterprises (SMEs) in Japan, from ORIX Corporation. All regulatory approvals have been obtained.
Yayoi is the largest financial and accounting software provider for SMEs and sole proprietors in Japan, best known for its namesake accounting and tax filing software that is widely used by Japanese SMEs. According to MM Research Institute and BCN Inc., the Yayoi Series has been Japans number-one cloud accounting software for six consecutive years by number of users, and the number-one desktop business software for 22 consecutive years, with over 2.5 million registered users. In Japan, Yayoi plays a leading role in assisting SMEs as they adopt greater digital solutions into their operations and migrate more functions to the cloud.
Eiji Yatagawa, a Partner on KKRs Private Equity team, said, Upon closing this deal, we look forward to working closely with the Yayoi team to help them further build their business. This comes at an important time when Japanese companies are looking to digitally transform their businesses, and we look to draw on KKRs global experience and best practices to help Yayoi become a leader in offering thoughtful solutions.
KKR is making its investment from its Asia IV Fund.
About KKR
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKRs insurance subsidiaries offer retirement, life, and reinsurance products under the management of Global Atlantic Financial Group. References to KKRs investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKRs website at www.kkr.com and on Twitter @KKR_Co.
Contacts
KKR Media Contacts
Anita Davis
+852 3602 7335
Anita.Davis@kkr.com
Wei Jun Ong
+65 6922 5813
WeiJun.Ong@kkr.com
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