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Private Equity

KKR plans gradual exit from TSMC supplier LCY

privateequitywire

2 months ago

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KKR is preparing to gradually sell its investment in Taiwanese chemical manufacturer LCY Group, according to the company’s chairman, as the family-controlled business looks to accelerate growth in semiconductor materials, according to a report by Bloomberg.
LCY Group also wants to expand its international manufacturing footprint.
There report cite chairman, Bowei Lee, as saying that the private equity firm would exit its interests in LCY Chemical and a related affiliate over time. He did not dis...

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