MUMBAI: Private equity firms TPG and Kohlberg Kravis Roberts have approached Seagate Technology to take over the hard drive maker in what would be the largest leveraged buyout this year.

Bloomberg has said that TPG and Roberts were the potential acquirers saying that they have made a preliminary approach to take over Seagate and may make an offer of $16 a share or $7.55 billion.
 
The move comes just weeks after TPG and Silver Lake Partners ended talks with Seagate on a buyout.
 
In a statement Seagate said that it had received an expression of interest from an unnamed firm in making a “going private” offer for the company. It had hired Morgan Stanley, Perella Weinberg Partners and a couple of law firms as advisers.

The company, though, cautioned that it might not reach a deal to sell itself.