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KKR reveals 6.8% stake in Marvell Technology Group

2 Jan 2014

microchip5_sq1Private equity major KKR has revealed that it holds a 6.8 per cent interest in computer chipmaker Marvell Technology Group.

The firm owns 33.6m shares in the Santa Clara, California-based company, according to a regulatory filing.

KKR also said that it may hold discussions with Marvell’s board and management about a potential merger or reorganisation, said Reuters.

Last year it was reported that KKR had bought a stake of around five per cent in Marvell, which makes digital storage products and chips.

Shares in Marvell last changed hands at $14.38, which values KKR’s stake at $483.1m.

Last month KKR closed a $1.5bn fund targeting property in the US and Western Europe.

KKR Real Estate Partners Americas will invest in equity and debt and businesses with sizeable real estate holdings, and has already made about a dozen deals in the last 18 months.

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