KKR Buys Taiwan's Yageo in $1.6B Deal

Kohlberg Kravis Roberts & Co. has partnered with the founder of Taiwan's Yageo Corp. to buy the components maker in a $1.6 billion deal, Reuters reported. KKR and Yageo founder and chairman, Pierre Chen, will form a company to bid for all the shares of Yageo, which makes electronic components including resistors and capacitors, Reuters wrote. They will offer $16.10 Taiwan dollars per share, a 14% premium over the company’s closing price April 1. The deal is valued at $1.6 billion.

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