Billionaire Sagi Raises Offer for UK Software Company Kape

Billionaire Teddy Sagi has raised his offer for UK software company Kape Technologies Plc to $3.60 per share in cash.

The offer, equivalent to about 290 pence per share, is final and values Kape’s equity at about $1.58 billion, Sagi’s investment firm, Unikmind, said in a statement on Thursday. Sagi’s previous offer was $3.44 per share.

Unikmind and its affiliates have acquired or received commitments for 67.15% of Kape shares, meaning the company needs shareholders representing another 2.85% of the stock to tender before the deal can be finalized, it said.

Sagi, who already had control of most of Kape’s ...