PHILPS semiconductor business minghuayouzhu two private investment talent shows itself

According to informed sources, Royal PHILPS electronics Limited by Share Ltd (hereinafter referred to as "PHILPS") semiconductor business bidding war is nearing completion, two private investment group are Kohlberg Kravis talent shows itself, Roberts & Co. (hereinafter referred to as "KKR") and Silver Lake Partners. Although the purchase price can not be determined immediately, but the estimated value of the transaction will be more than 8 billion euros ($10 billion 250 million).

According to the Wall Street journal news, KKR and Silver Lake have defeated the other two acquisitions consortium. One of them consists of Group (Blackstone), Permira Advisors and Texas PacificGroup; the other includes the UK Apax Partners Worldwide LLC, Bain investment (Bain Capital) and Francisco Partners. Currently, KKR and Silver Lake spokesman declined to comment on the news.

Not long ago, KKR has just participated in the United States hospital operator HCA $21 billion acquisition, while the Silver Lake is due to participate in the computer program Sungard Data last year in the United States Systems's $11 billion 300 million acquisition of concern. PHILPS's bid for the semiconductor business has become the latest example of the acquisition of private investment group enthusiasm. These private investment groups are eager to find a good place to invest in their own large sums of money. These surprisingly generous private groups in the recent major international bidding war frequently appeared, very active. As a result of these large-scale investment group, but lead to more severe competition. According to a lawyer who lost the consortium in the PHILPS semiconductor business bidding, said that due to the parties in terms of price and terms of competition is very intense, the acquirer has lowered the expected return.

PHILPS last year decided to sell its semiconductor business as part of its strategy to divest non core assets and focus on consumer goods, lighting and medical devices.