U.S. private equity group The Carlyle Group Inc. (NasdaqGS:CG) said it will seek to take the operator of KFC fried chicken restaurants in Japan private in a roughly JPY 130 billion ($835 million) acquisition. Carlyle will launch a tender offer for Tokyo-listed KFC Holdings Japan, Ltd. (TSE:9873) at JPY 6,500 per share. The acquisition, when completed, will mark an exit from the fast-food company by the Berkshire Hathaway-backed Japanese trading house Mitsubishi Corp., which owns roughly 35% of KFC Japan.

KFC Japan issued a statement backing the offer, plans for which were reported by Nikkei in April. The tender period will run through July 9, after which Carlyle will acquire Mitsubishi's stake in September in a transaction expected to be worth about JPY 40 billion. Carlyle will seek to expand the restaurant chain's menu, offering more lunch and afternoon items.