PHILPS lighting bidders Blackstone Group strength secret

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

PHILPS lighting business including traditional lamps and manufacturing LED (light emitting diode) lamps, the Department also made lighting accessories, and lighting systems for the home office and the city last year, the sales revenue of 7 billion 400 million euros. In order to allow the company to focus on the health care sector, PHILPS CEO 000 haodon (FransvanHouten) is a stripping the lighting business, the next round is scheduled for April this year.

The main competitors are Blackstone and Onex including the Appollo global management company (Apollo) and British investment company (Melrose), and the Melrose industry from Chinese Jinsha River venture investors can not be ignored.

Blackstone Group

Blackstone Group (BlackstoneGroup), 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. The alternative asset management business includes corporate private equity funds, real estate opportunity funds, hedge fund funds, senior debt funds, private hedge funds and closed-end mutual funds, etc.. Blackstone also provides a variety of financial advisory services, including mergers and acquisitions advisory, restructuring and restructuring consulting and fund raising services. Blackstone Group is headquartered in New York, and has 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.

2006, Blackstone Group profit of more than 2 billion 200 million U.S. dollars, the per capita profit of $2 million 950 thousand, is Goldman Sachs's per capita profit of 8 times, has become the king of Wall Street PE.

Listed on the New York stock exchange in June 22, 2007 (NYSE:BX).

development history

The Blackstone Group founded by Lehman Brothers in common had worked with Peter Peterson and Stephen Schwarzman in 1985. As the first company, the "group" only $400 thousand of assets and two partners, two assistant. Blackstone at the time of the scale, called the group really a little bluff. They know that, in order to enter the emerging leveraged buyout market, only $400 thousand seed funds is not enough. Thus, the two began to invest in mergers and acquisitions consulting industry. The first pot of gold by Blackstone, Pedersen early and Sony Corp President Akio Morita forged a friendship, to seize the acquisition of the agency, on behalf of Sony Corp to bid $2 billion acquisition of Columbia record company, but the business only earned a little traveling expenses. Later, they decided to use programs, the creation of private equity fund.

Their first transaction is USX, a hit because of the strike of the iron and steel, energy group, this company is badly in need of cash flow increases, the logistics business agreed to sell 51% stake in Blackstone, the purchase price is $25 million, then sold the Department when Blackstone earned nearly $600 million.

It is the high rate of return for Blackstone to win fame. According to industry estimates, in the past 5 years before the company listed in 2007, Blackstone's real estate and private equity funds each year, the rate of return of at least $30%.

Blackstone acquisition case:

November 2004, Blackstone acquired the world famous acetic acid producer Acetex.

June 2005, Blackstone Group agreed to $3 billion 200 million in cash and debt acquisition of WyndhamInternational, to finalize The Globe Hotel and gambling industry's largest acquisition transaction.

In July 3, 2006, Blackstone's $4 billion 300 million acquisition of Cendant travel distribution services (CendantCorporation) subsidiary Travelport.

September 2006, Blackstone Group $17 billion 600 million acquisition of chip company flying thinking Carle.

November 20, 2006, Blackstone Group to $19 billion (not including debt) to acquire the largest office property owner REIT-EOP (EquityOfficePropertiesTrust).

February 7, 2007, Blackstone Group $39 billion 500 million acquisition of the United States, the largest commercial property group - equity office investment trust (EOP).

July 2007, invested $26 billion acquisition of Hilton Hotel group, the world's largest hotel group [1].

In July 2008, the joint NBC global and private equity funds Bain Capital, jointly acquired Rand Mark communications (LandmarkCommunications)'s weather channel (WeatherChannel).

In October 2013, the acquisition of China's largest outsourcing software company, Wen Hui Hai software company.

Main business

Private equity fund

Blackstone started the business in 1987, managed five private equity funds and a special fund to invest in the media and communications industry. Blackstone's transactions around the world, not only includes a typical leveraged buyout, but also involved in the company's conversion, minority equity investment, corporate partnerships, mergers and other areas of business.

Real estate fund

Since 1992, Blackstone's real estate fund has become a diversified, global business operations. Blackstone managed six ordinary real estate funds, as well as two international real estate funds.