A consortium led by global alternative asset manager KKR has completed the acquisition of Taiwan-based petrochemical product manufacturer LCY Chemical, valuing the company at TWD48 billion (approximately US$1.55 billion). The consortium acquired all of the issued and outstanding shares of LCY for TWD56 (US$1.82) per share in cash, adjusted to include a TWD2.90 (US$0.09) dividend per share.The company was subsequently delisted from the Taiwan Stock Exchange. LCY, which produces methanol, solvents, electronic-grade chemicals, rubbers and performance plastics, will partner with KKR to support its global growth. KKR invested through KKR Asian Fund III.