PHILPS IPO lighting play "solo", which hurt investment chiefs heart?

[LED] Vtion electronics giant Royal Dutch Philips Electronics Ltd announced on May 3rd, in the "IPO history" (IPO), will provide lighting sector shares in the stock market circulation, the target is a spin off of lighting department at least 1/4 stake, which means that Chinese or foreign investors to bid for PHILPS lighting business dream in vain.

That PHILPS lighting IPO, what are the big coffee in the "sad"?

GSR Ventures

According to the previous message, although the launch of the Lumileds offer was rejected by the U.S. government, but the Chinese investment institutions GO Scale Capital is hoping that its second acquisition attempt to have better luck.

The Private Equity Investment Firm, which is not being named, said it was launching an acquisition of another lighting unit at Royal PHILPS. Sources familiar with the matter said that the sale of the sector may bring about 5 billion euros (about $5 billion 400 million) in revenue to Royal PHILPS.

But it was reported that the source said that Royal PHILPS may not be willing to take the risk to negotiate with Chinese bidders, in order to prevent the sale of the lighting sector once again blocked. But a spokesman for Steve and GO Scale, a spokeswoman for PHILPS, declined to comment.

Of course, the Jinsha River venture with PHILPS's love and hate should start from the acquisition of Lumileds, which is a "parent" denied feelings. Jinsha River and Lumileds after more than a year of running, finally ready to go "marriage" of the new palace as the final "parents" American Foreign Investment Committee (CFIUS) of the so-called security concerns, making this relationship to the end point.

So when PHILPS lighting encountered Jinsha River, had not yet started on the end, which may be doomed to PHILPS lighting can only be independent IPO bar.

Blackstone Group and Onex

According to the Wall Street Journal reported on March 3rd, the well-known investment management company Blackstone Group and Onex has formed a consortium, the bid for PHILPS's lighting business, the value of the sector may be between 4 billion 500 million -50. One insider said that the purpose of the two together is to buy more stake in PHILPS lighting business.

Compared to the Jinsha River venture capital, Blackstone Group and onex is also a good quality object, the key is also close to home. Blackstone Group (Blackstone Group), also known as Bai Shi Tong Group, is one of the world's largest independent alternative asset management institutions, but also a financial advisory services.

Headquartered in New York, USA, with offices in Atlanta, Boston, Chicago, Dallas, Losangeles, San Francisco, London, Paris, Mumbai, Hongkong and. As of September 30, 2007, the management of the total assets of about $98 billion 200 million, with 65 senior managing director and about 520 investment and consulting professionals.

Onex, which is headquartered in Toronto, Canada, is a diversified company, one of the largest companies in Canada, with annual consolidated sales revenue of approximately $20 billion. Onex is a global provider of healthcare, services, manufacturing and technology.

Onex through Onex Partners and ONCAP fund management third party private equity investment. It also manages a real estate fund and a public market fund.

Melrose industrial group

According to the March 3rd "Wall Street journal" news, and Blackstone Group and Onex competition also includes the United States Appollo global management company (Apollo) and British investment company Melrose industry (Melrose).

Since April 4th, Bloomberg News reported that an unnamed source said, Melrose is worried about the Department's business prospects and the lack of data support, the British investment company of Melrose industrial group (Melrose Industries PLC) has dropped out of the bidding.

Melrose in PHILPS announced that celibacy IPO exit before, although said the lack of business prospects and lack of support for the data, but more probably already aware of its way to go IPO.

Appollo Global Management (Apollo)

Founded in 1990 by Appollo management limited partnership, is a leader in hedge funds, debt and capital markets. Headquartered in New York, with offices in Losangeles and London, its total managed 6 funds are investment strategy Appollo investment joint investment fund sixth, Appollo investment industry value fund, Appollo investment Associates Investment Company, Appollo investment in European industrial investment fund, the Appollo estate consultants and the latest was AP offbeat Investment Limited Partnership Fund company.

Among them, Appollo investment Limited by Share Ltd (Apollo investment Co.) and AP offbeat investment limited partnership fund respectively on NASDAQ and listed in Holland, and were in the open market to raise more than $10 billion.

Although the Apollo current assets and professional investment management team than Blackstone, but its professional investment team are rare in the Wall Street elite, have outstanding achievements. In the past Apollo like a lone man, do not like to work together with similar companies leveraged buyout. Independent action to make the acquisition process more simple, but also to Apollo in the process of asset restructuring.

But now, with the size of the market value of the company's growing investment, subject to the size of the funds, Apollo had to start working together with similar companies "hunting", which is also