Chunghwa Picture Tubes, Taiwan’s third-largest manufacturer of TFT LCD panels, said on Sunday Warburg Pincus would acquire a 10 per cent stake in the company, the first investment in the sector by a leading private equity outfit.

Separately, a private equity consortium of Taiwanese-backed FAT Capital, Merrill Lynch and H&Q Asia has completed a tender offer for Primax Electronics, one of the world’s largest makers of computer mice, in a US$265m deal due to be announced today.