Go Scale Capital

News aus der Elektroindustrie

As announced mid-December, the parent company Philips has sold 80.1% of its light division Lumileds to the investment company Apollo for 1.5 billion USD (1.4 billion EUR).

As announced in mid-December, the parent company Philips sold 80.1% of its Lumileds lighting division to its affiliate Apollo for $ 1.5 billion (€ 1.4 billion).

The remaining 19.9% ​​Philips wants to keep at least 3 years. A definitive deal is expected in the first half of 2017. As we said on January 25, 2016, Philips has acknowledged CFIUS's concerns about US foreign investment controls Sale of the LED division to the Chinese consortium Go Scale Capital canceled. Originally, Go Scale should own the 80.1% of Philips.

The purchase price would have been $ 3.3 billion at the time (€ 3.1 billion). So for now: a $ 1 7 billion ($ 1.7 billion) financial loss to Philips.

With this transaction, we want to start talking about the light business you want to focus on the health and medical business in the future.

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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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The Dutch electronics group sells 80.1% of its LED and automotive light business to Chinese investor group Go Scale Capital. For this, Philips receives $ 2.8 billion (€ 2.6 billion) before tax.

The Dutch electronics group sells 80.1% of its LED and automotive light business to Chinese investor group Go Scale Capital. For this, Philips receives USD 2.8 billion (EUR 2.6 billion) before taxes.

Overall, the sold area will be underfunded in the future the name " Lumileds “ traded at around USD 3.3 billion (EUR 3.1 billion); the management takes over Pierre-Yves Lesaicherre. The transaction is expected to be completed in the third quarter of 2015.

Philips therefore owns a 19.9% ​​stake and intends to become an important customer of the new company.

The Philips Group had split in the fall of 2014 in the areas of lighting and health / lifestyle. The latter area will now be concentrated, having generated a turnover of EUR 15 billion in 2013, while the lighting sector had reached only around EUR 7 billion.

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