Osram announced a confirmation about the possible buyout by Bain Capital and Carlyle Group and revealed that it is engaged in detailed discussions with the interested parties.
After Osram reported its declined business performance in the first quarter of fiscal 2019 and said it has “taken a number of measures to improve revenue and returns,” the Germany company confirmed the market rumors that Bain Capital and Carlyle Group are eyeing the buyout of Osram.
In November 2018, Bloomberg reported that the U.S.-based Bain Capital has been considering acquiring Osram. And then Financial Times covered that Carlyle Group also showed its interest to bid Osram.
On February 13, Osram confirmed that it is in the talk with Bain Capital and Carlyle Group. However, the company did not confirm further information.