U.S. private equity firm Bain Capital LLC said on Monday it will launch a ¥9.5 billion ($79.8 million) takeover bid for Yukiguni Maitake Co., amid a conflict over management control at the Japanese mushroom producer.

Bain hopes to obtain at least a majority stake in Yukiguni Maitake, while looking to wholly own the Niigata Prefecture-based company known for having succeeded in the mass production of "maitake," which are commonly known as ram's head mushrooms.

If Bain succeeds in the buyout, Yukiguni Maitake would be delisted from the Second Section of the Tokyo Stock Exchange.