LED industry these "multi love" relationship you clear?

China LED Reuters] A fell in love with B, B and C, C's former girlfriend is D, similar to the triangle love or multi angle in the LED industry mergers and acquisitions staged repeatedly. With the bigwigs getting familiar in the M & A on the road, LED big coffee are no longer just the pursuit of "powerful alliances", "strong joint" blitz, light is the introduction of capital is not enough, but also the "supplier" and "customer" is to find the best, coupled with the "R & D technology". As a result, the LED industry has a complex relationship of multi angle love more and more, the following on the selection of a few pairs, the relationship between them simple sort.

Multi angle love a combination: the development of crystal, Puri, Mu Linsen

In late July, Shenzhen Science and technology of the two paper announcement to allow mainland manufacturers to develop crystal and international manufacturers Puri has a deeper connection.

Deep science and technology related announcement released its 47.88% stake owned subsidiary of Pu Huarui associates the development of crystal on the evening of July 20th and FORTISADVISORSLLC (Bridgelux on behalf of all existing shareholders) signed "merger agreement and plan", Price Waterhouse Rui to $130 million acquisition of BridgeLux100% stake.

The first to talk about the development of Grain Price Waterhouse Rui, and Chongqing airport in Chongqing jointly set up a joint venture, incorporated in July 2015, the registered capital of 801 million 313 thousand and 900 yuan, of which the development of crystal with self raised funds invested 641 million 51 thousand and 100 yuan, holding 80% stake in Chongqing airport, invested 160 million 262 thousand and 800 yuan, holding 20% stake.

Come to talk about technology, which was established in 1985, 1994 listed in the Shenzhen Stock Exchange (000021), is Chinese electronic information industry group (CEC) is one of the core enterprise, and CEC is the direct management of the central state-owned large enterprise group company, is the largest state-owned enterprises Chinese IT.

Finally, take a look at the development of crystal. The development of crystal technology and Epistar JV Holding for Co. (BVI), Ltd. (Jingyuan is a wholly owned subsidiary of Au Optronics Co), guanjing billion (Fujian) Co. Ltd. (photoelectric electronics is a wholly owned subsidiary of Limited by Share Ltd), Country Lighting (BVI) Co., Ltd. in Xiamen jointly set up a joint venture, set up registered in April 2011, the registered capital of $120 million, the shareholders were holding 44%, 40%, 9%, 7% stake. In other words, after the acquisition of crystal crystal development of photovoltaic, Taiwan factory crystal electricity, billion light also has a contact with the puri.

To this end, the development of crystal, crystal electricity, 100 million light, the relationship between the Puri is clear.

Ownership structure map (source: Shenzhen Science and technology development on the acquisition of BridgeLux shares of the company's wholly owned subsidiary of the announcement)

However, the evening of September 10th MLS announced that intends to own funds invested 180 million yuan investment in the development of crystal, crystal gets development through capital increase 10.91% stake. In addition, Largan Bright Co., Ltd equivalent to 20 million yuan in the development of the U.S. $capital increase. Thus, Linsen will become the third largest shareholder of crystal development.

Mu Linsen, Largan Bright Co., Ltd capital increase after the development of the composition of the crystal shares in the case of Holding

"Polyamorous" combination of two: Jinsha River venture capital, Lumileds, on the ground

Jinsha River venture capital acquisition Philips Lumileds once it is shocked the industry, now the ship has added a new member of the kingsun.

The end of March this year, Philips officially announced by GO Scale Capital (Jinsha River formed a joint venture and Jinsha River oak Investment Partners Fund) led the Asia Pacific Resources Development Investment Limited and the Nanchang Industrial Holdings Limited and other Chinese and foreign financial support under the fund mergers and acquisitions, will acquire the shares of a total of 80.1% Holland Royal PHILPS Lumileds the company's PHILPS, the company will retain the remaining 19.9% of the shares. It is reported that the transaction also includes more than 600 companies transferred PHILPS LED production and automotive lighting patent to Lumileds.

In mid September, KingSun announced that the company plans to spin off the Holland Royal PHILPS company PHILPS invested $100 million in indirect lumen indirect acquisition of 6.15% stake in PHILPS lumens. Tianjin KingSun Cci Capital Ltd and believed that the establishment of a joint venture in Shanghai Zhixin QINSHANG Asset Management Center (limited partnership), KingSun invested $100 million as LP, limited liability, Tianjin Zhixin Cci Capital Ltd as the managing general partner of the fund. By subscribing to Jinsha River - PHILPS fund $100 million acquisition of the target company PHILPS Lumileds shares of 6.15%.

In addition, it is worth mentioning that the Jinsha River is a major shareholder of Jiangxi itself or photovoltaic energy.

It's almost a foregone conclusion. However, who can expect a good free love has been the mother of the interference. Recently, there is news that the original plan to sell 80.1% stake to the investment fund company Go Scale Capital, is now being regulated by the U.S. Foreign Investment Committee (CFIUS) blocked. Foreign media said, CFIUS for PHILPS and Go Scale transactions between the Capital, there are some unexpected worries exist, but there is no further explanation for this. The PHILPS side said that the company's management will take a variety of reasonable ways to continue to negotiate with CFIUS to lift doubts. But PHILPS also does not mince words, can not determine whether the transaction can be successfully reached.

"Polyamorous" combination of three, rising country star, as the Buddha

OSRAM and Buddha no longer play happily.

September 9th, FSL announced that the controlling shareholder of the company's largest shareholder OSRAM Holdings Limited OS