CVC Capital

News aus der Elektroindustrie

As we have reported on several occasions, Quimper AB has made a takeover bid to the Ahlsell shareholders, ...

As we have reported on several occasions, Quimper AB has made a takeover bid to the Ahlsell shareholders, which has been accepted. Quimper now holds approximately 92.4% of the total number of shares and requests an extraordinary general meeting on March 25 where amongst other things a new board should be appointed. (As CVC Funds is indirectly involved in Quimper, it is expected that a representative of CVC will be represented on the board).

It was also decided to request a de-listing and the compulsory redemption of the outstanding shares.

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Philips is yielding to the reservations of the Committee on Foreign Investments in the US (CFIUS) and has called off the sale.............

Philips is yielding to the reservations of the Committee on Foreign Investments in the US (CFIUS) and has called off the sale.............

of its LED division and auto lighting components (with the name of Lumileds) to the Chinese consortium Go Scale Capital.

Originally Go Scale was to take over 80.1% from Philips, with the rest being retained. The purchase price would have amounted to USD 3.3 bn (EUR 3.1 bn). In 2015 Lumileds generated a turn-over of approx. USD 2 bn (EUR 1.9 bn) and it employs approx 8,800 people in 30 countries.

This transaction was to begin the outsourcing of the lighting division in order to be able to focus on healthcare in future.

Philips still has the wish to sell the division, for which reason contact is now being taken up again with the firms which had been interested in taking over Lumileds, with names like Bain Capital, CVC Capital and KKR being mentioned.

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