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MYOB Group has opened its books to KKR after the US private equity firm raised its proposed bid to $1.78 billion.

KKR, which last month offered an indicative $3.70 per share in cash for the 80.1 per cent of the accounting software provider it does not already own, has now lifted its proposed bid to $3.77.

MYOB says it will grant information access to KKR, subject to a confidentiality agreement, but that there is no certainty of a firm offer.

MYOB shares jumped 15 cents, or 4.5 per cent, to $3.51 by 1128 AEDT on Friday, and are now up about 17 per cent since KKR’s approach was first revealed.