Kohlberg Kravis Roberts, Silver Lake Partners and AlpInvest, the buyout firms taking an €8.3bn ($10.6bn) majority stake in Philips Semiconductors, have appointed Credit Suisse and Bank of America to advise on the deal after using Citigroup and Lehman for their last semiconductor buy.

The advisers were supported by ABN Amro. Citigroup and Lehman advised competing groups on the deal, a banking source said.