Tokyo-based Ant Capital makes $253m buyout offer for Softbrain

Tokyo-based Ant Capital makes $253m buyout offer for Softbrain

Tamagawa Dori, Tokyo, Japan. Photo: Thomas Schmitz/unsplash

Tokyo-based private equity firm Ant Capital Partners has launched a tender offer for Japanese software developer Softbrain that values the company at about 26.9 billion yen ($253 million), Softbrain disclosed in a filing with the Tokyo Stock Exchange (TSE) on August 14.