KKR Plans to Take Japan’s Taiyo Private in $3.2 Billion Deal

The Taiyo Holdings Co. booth at the Semicon Japan exhibition in Tokyo.Photographer: Kiyoshi Ota/Bloomberg

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By Manuel Baigorri, Takako Taniguchi, and Hideki Suzuki

April 1, 2026 at 9:15 AM UTC

KKR & Co. is planning a tender offer for Taiyo Holdings Co. in a transaction valuing the Japanese firm at about ¥500 billion ($3.2 billion).

KKR intends to pay ¥4,750 per Taiyo share, it said in a statement late Tuesday. That represents a 117% premium to the sixth-month average unaffected closing price as of May 27, before reports including from Bloomberg News emerged about a bidding process. Taiyo fell 5.7% to ¥4,700 in Tokyo on Wednesday, the lowest since Dec. 22.