2015-03-31
Over the past year, the LED industry had pondered about the company that would eventually take over Philips lighting component (Philips Lumileds) and automotive business. Go Scale Capital's acquisiton of Lumileds just might be the solution to Chinese manufacturers lack of LED patents, said LEDinside analysts.
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2015-03-31
GO Scale Capital, an investment fund sponsored by GSR Ventures and Oak Investment Partners has announced today that it will acquire an 80.1% interest in Philips' combined LED components and Automotive lighting business, with Philips retaining the remaining 19.9%* interest. The transaction values the business at an enterprise value of approximately USD 3.3 billion. The transaction is expected to be completed in the third quarter of 2015, subject to closing conditions, including customary regulatory approvals.
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2015-03-13
Private equity firms CVC and KKR have offered the highest bid for acquiring Philips lighting components business, a Reuters report cited three sources familiar with the matter saying.
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