Buyout Firms Said to Line Up Bids for Philips Lighting Ops: Rtrs
2015-03-02 14:48:39.436 GMT
By Christopher Kingdon
(Bloomberg) -- Philips’ sale of the majority of its
lighting components business is nearing an end, Reuters reports,
citing three unidentified people familiar.
* Consortium of private equity firms CVC and KKR as well as
Bain Capital were expected to hand in offers by Monday
deadline valuing the business at roughly EU2.5b
* Philips, buyout groups declined to comment: Reuters
* NOTE: Feb. 24: Philips Intends IPO for Lighting Division in
Health Care Bet
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To contact the reporter on this story:
Christopher Kingdon in London at +44-20-3525-0872 or
ckingdon@bloomberg.net
To contact the editors responsible for this story:
Clyde Eltzroth at +1-212-617-1879 or
celtzroth1@bloomberg.net
Christopher Kingdon
2015-03-02 14:48:39.436 GMT
By Christopher Kingdon
(Bloomberg) -- Philips’ sale of the majority of its
lighting components business is nearing an end, Reuters reports,
citing three unidentified people familiar.
* Consortium of private equity firms CVC and KKR as well as
Bain Capital were expected to hand in offers by Monday
deadline valuing the business at roughly EU2.5b
* Philips, buyout groups declined to comment: Reuters
* NOTE: Feb. 24: Philips Intends IPO for Lighting Division in
Health Care Bet
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Christopher Kingdon in London at +44-20-3525-0872 or
ckingdon@bloomberg.net
To contact the editors responsible for this story:
Clyde Eltzroth at +1-212-617-1879 or
celtzroth1@bloomberg.net
Christopher Kingdon