The EQT-led consortium has raised its tender offer for Japanese internet platform operator Kakaku.com to ¥3,450 ($21.25) per share, up from ¥3,000. The revised price exceeds the ¥3,384 per share contained in the rival proposal announced on 1 July 2026 from the LY-Bain consortium.

The offer is being made through Kamgras 1, the bid vehicle owned by a consortium led by BPEA Private Equity Fund IX, EQT's Asia platform, together with Japanese payments group Digital Garage.

According to the consortium, the original ¥3,000 offer already reflected Kakaku.com's intrinsic value and carried a reasonable premium over the unaffected share price, and the decision to raise it followed developments in the process and further consideration aimed at enhancing execution certainty.