Kohlberg Kravis Roberts & Co. (KKR), a private equity firm specializing in management buyouts, agreed to acquire Flextronics' software development and solutions business for approximately $900 million. Flextronics will retain a 15% equity stake in the software business and continue as an important business partner and customer.Flextronics' software business supplies source code to network equipment OEMs for use in both infrastructure platforms and client devices. The group is headquartered in Palo Alto, California, with a majority of its...
