TSMC-Supplier LCY Says KKR Will Exit, Allowing Faster US Growth

KKR & Co. plans to gradually sell its stake in LCY Group’s business, as LCY’s chairman said, enabling the family-controlled firm to accelerate expansion of its semiconductor materials operations. The shift is likely to be viewed positively for LCY’s growth outlook, though details on deal size and timing weren’t provided.

Analysis

KKR & Co. plans to gradually sell its stake in LCY Group’s business, as LCY’s chairman said, enabling the family-controlled firm to accelerate expansion of its semiconductor materials operations. The shift is likely to be viewed positively for LCY’s growth outlook, though details on deal size and timing weren’t provided.