- Hitachi Kokusai was acquired by KKR & Co. back in December of 2017 for $2.2 billion.
- The company’s decision to sell off the chip equipment unit has already drawn in interests from two Chinese buyers.
KKR & Co. Inc. (KKR), a renowned global private equity company, is reportedly contemplating to sell off its Hitachi Kokusai semiconductor chip equipment unit that it had acquired back in 2017.
Reports cite, the company is exploring whether to sell off a portion of the chip equipment unit or the entire unit. The proposed sale has already drawn in interests from two potential buyers from China.
According to a report by Euronews, while the sources privy to the matter did not divulge the name of the potential buyers from China, they did claim that one of the potential buyer was a big industrial company with the other one being a state-backed fund.
The sources did not report the estimated valuation of the sale agreement; however, it was further divulged that the company would be selling the chip equipment unit at a profit.
For the record, the private equity firm acquired the Japanese semiconductor equipment manufacturer back in December of 2017 in a massive $2.2 billion agreement.
According to reports, further details related to the proposed sale have not been unveiled by any of the companies yet as KKR is still exploring the sale.
About KKR & Co. Inc.: KKR is a renowned global investment company that manages an array of alternative asset classes ranging from energy, real estate, and infrastructure to private equity & credit with other strategic partners that help manage hedge funds. As an investor with an industrialist vision, the company aims to generate lucrative investment returns by following a disciplined & patient approach, pursuing the optimal standard of excellence, employing high-quality individuals & aligning its interests with those of the company’s investment partners.