Nov
04
CVC, KKR and Bain Said to Mull $6 Billion Philips Lighting Bids
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Some buyout firms would also consider joint offer for Lumileds
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JPMorgan, Goldman Sachs are advising Philips on divestment
Royal Philips NV’s lighting division is attracting interest from a number of the world’s largest private-equity firms, in a deal that could value the unit at about 5.5 billion euros ($6 billion), people familiar with the matter said.
CVC Capital Partners, in partnership with KKR & Co., Bain Capital and Onex Corp. are among buyout firms in early stages of preparing bids for the division, said the people, who asked not to be identified because discussions are private. JPMorgan Chase & Co. and Goldman Sachs Group Inc. are advising Philips on the sale, the people said. No final decision has been made on the bids, the people said…
CVC, KKR and Bain Said to Mull $6 Billion Philips Lighting Bids
