KKR Said to Purchase 5 Percent Stake in Chipmaker Marvell

KKR & Co. has acquired almost 5 percent of computer chipmaker Marvell Technology Group Ltd., two people with knowledge of the matter said.

KKR sees the Hamilton, Bermuda-based company as undervalued and has discussed its holding with the company’s co-founders, Chief Executive Officer Sehat Sutardja and his brother Pantas, said one person, who asked not to be identified as the information is private. One scenario New York-based KKR is considering is a leveraged buyout of Marvell, though no such deal is imminent, the person said.