Lumileds officieel verder als onafhankelijk bedrijf na afwikkeling van transactie tussen fondsen van Apollo en Philips
SAN JOSE, Calif.–(BUSINESS WIRE)– Lumileds maakt bekend dat de fondsen van Apollo Global Management LLC (samen met alle dochterondernemingen: Apollo) en Koninklijke Philips hun eerder aangekondigde transactie hebben afgerond, waardoor Lumileds voortaan als onafhankelijk bedrijf opereert. Lumileds ontwikkelt belichtingssystemen voor de auto-industrie, mobiele communicatie, IoT en verlichtingssector, wat klanten de mogelijkheid biedt de grenzen van licht te verleggen.
Zoals in december 2016 is aangekondigd, sloten Apollo en Philips een akkoord waarbij Philips een belang van 80,1 procent in Lumileds aan enkele fondsen van Apollo zou verkopen en het overige belang van 19,9 procent zou houden. Apollo is een toonaangevende vermogensbeheerder voor alternatieve beleggingen met circa 197 miljard dollar aan privaat kapitaal, krediet en vastgoedfondsen onder beheer. Deze middelen worden geïnvesteerd in negen kernsectoren waarin Apollo goed is ingevoerd.
Lumileds Officially an Independent Company as Funds Affiliated with Apollo Global Management and Philips Complete Transaction |
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SAN JOSE, Calif.–(BUSINESS WIRE)– Lumileds announced that funds affiliated with Apollo Global Management, LLC (together with its subsidiaries, “Apollo”), and Royal Philips completed their previously disclosed transaction, resulting in Lumileds operating as an independent company. Lumileds develops lighting solutions for the automotive, mobile, IoT and illumination segments, enabling customers to push the boundaries of light. As announced in December 2016, Apollo and Philips agreed to a transaction where Philips would sell 80.1% interest in Lumileds to certain funds managed by Apollo and retain the remaining 19.9% interest in the company. Apollo is a leading global alternative investment manager with assets under management of approximately USD 197 billion* in private equity, credit and real estate funds, invested across a core group of nine industries, where Apollo has considerable knowledge and resources. “We are fortunate to have Apollo’s and Philips’ support as Lumileds embarks upon our next chapter as an innovator of high performance LEDs and a leader in advanced lighting solutions,” said Mark Adams, CEO of Lumileds. Lumileds develops, manufactures and distributes groundbreaking LED technology and advanced lighting products, employing over 9,000 team members with operations in over 32 countries. “Lumileds has over 100 years of innovation as a pioneer in the lighting industry,” said Robert Seminara, Senior Partner at Apollo. “We look forward to working with the Lumileds Team in support of what we believe will be a very successful future.” * As of March 31, 2017 About Apollo Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, Houston, Chicago, St. Louis, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management of approximately $197 billion as of March 31, 2017 in private equity, credit and real estate funds invested across a core group of nine industries where Apollo has considerable knowledge and resources. For more information about Apollo, please visit www.agm.com. About Lumileds Lumileds is the global leader in lighting solutions. The company develops, manufactures and distributes groundbreaking LEDs and automotive lighting products that help customers gain and maintain a competitive edge. To learn more, visit lumileds.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20170705005689/en/ Contacts Lumileds |
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