Technology

KKR and Silver Lake tipped to win Philips’ semiconductor unit

An alliance between Kohlberg Kravis Roberts & Co and Silver Lake Partners is expected to win the auction for Philips Electronics' semiconductor division in what is expected to be one of the largest private equity buyouts in the tech sector this year with a value of around $10bn.

Staff Writer August 2, 2006

The Wall Street Journal reported that the two funds topped bids from Bain Capital, Francisco Partners, Apax Partners, Blackstone, Permira, and Texas Pacific Group.

While Philips talked originally about an IPO or a trade sale, private equity companies were the only groups to show an interest in the unit.

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