Flextronics has exited Communications Solution Provider, Aricent with Kohlberg Kravis Robert (KKR) and Canadian investment management firm CPP Investment Board buying its stake for $ 225 million.

The new development results in KKR’s stake in Aricent going up to 79 %.

"We are pleased to invest further in a company that has just reported its highest annual revenue in its history and continues to grow its customer base," said Mr Sanjay Nayar, CEO of KKR India.

"We are pleased to invest alongside KKR in a company with an experienced management team and strong growth potential," said Mr Mark Wiseman, Senior Vice- President, Private Investments at CPP Investment Board. "