The big two lighting business "eat" is an international investment bank optimistic about the company China

According to sources, the world's two largest lighting giants PHILPS and OSRAM will this week deadline to accept the offer, sale of its lighting business, buyers from around the world have started lining up bids, and potential buyers mainly from Chinese.

In July last year, becoming the first audio acquisition of OSRAM lighting business expression intention of the company, since then, has "Linsen high-profile love" OSRAM, other potential bid intention of domestic listed companies is rather low-key. The bid also includes the top international private equity groups, such as KKR, CVC, Bain Capital, Blackstone Group, etc..

Although a competitor backing is not small, but Barclays analysts still resolutely optimistic about the China bidders, and points out 16 possible bid for OSRAM lighting business of domestic listed companies and IPO queuing companies, including FSL and OSRAM deep roots.

Domestic and foreign capital group bidding

One side is the two largest international lighting giant to sell assets, while many of the world's top companies queuing bid, the transfer of assets to unshowy.

In March last year agreed to sell its 80.1% stake in Lumileds lighting Equipment Manufacturing Company to the Chinese consortium, PHILPS intends to spin off its lighting business, although not yet the final decision is the part of the lighting business spin off or sell directly, but according to the latest news, Reuters, PHILPS has begun to accept the initial offer, intends to sell the lighting business valuation of about 4 billion -60 billion euros.

It is understood that the acquisition of a consortium consisting of KKR group, a private-equity firm CVC, Canada Onex may be involved in the bid for PHILPS's bid to participate in the lighting business and other private Holdings Company including Bain Capital, Appollo global management company, Blackstone Group and Chinese buyers.

Bloomberg business week, citing the disappearance of the argument, a large private Holdings Company on PHILPS lighting assets quoted roughly 5 billion 500 million euros.

On the other hand, second only to PHILPS, the world's second largest lighting giant OSRAM in Germany last week on its traditional lighting business to start the initial offer. Sources said that the bidder's valuation of the business is roughly 500 million euros.

International Investment Bank optimistic about Chinese companies

Compared to domestic buyers off Philips, OSRAM lighting business seems to be more interested in. Since last April, OSRAM announced plans to split its business channel, has audio expressed intention to bid announcement and Rawlinson, but most of the potential bidders will keep a low profile.

Only last February, landing A shares market Woodlans in the bidding for the most high-profile, general manager of the company, Lin Jiliang had a "high-profile love": "with economies of scale and package Linsen lighting manufacturing capacity, the complementary with OSRAM". However, when a reporter asked about the latest developments in the company's bid, the company said, should be based on the announcement, the progress of the follow-up will be promptly announced in the form of announcement.

Acoustics as early as in July last year issued a non binding letter to OSRAM, the acquisition of its channel business however, Reuters recently quoted sources as saying, audio has been out of business for OSRAM lighting. In this regard, Feile audio said this statement is not accurate, because of the lighting business front OSRAM to sell its pull longer, to split the business has not been completed, the board of directors of the company will make arrangements for the future work according to the progress.

It is worth mentioning that, in early December last year, Feile audio announced its intention to cash a total 149 million euros to buy HML shares and Exim shares by 80% 80% of the integration of the world's leading brands for lighting xiwannian and sales channels and production base.

Compared to the two companies "to the world", Elec-Tech potential buyers Shenzhen identity also rely on a paper enquiry torn corner. In November 2015, the Shenzhen Stock Exchange on the suspension of concrete progress during the planning Elec-Tech foreign assets acquisition issued a letter of inquiry, the company said in reply, intends to cooperate with the national industry fund to buy a foreign lighting enterprise assets. The stock before the suspension, and the party has been lighting the sale of the assets and has approached several times, and a national industry fund acquisitions reached a cooperation intention, the company is expected to be completed before the end of December non binding offer letter and formally submitted to the sale of assets.

According to Elec-Tech last August suspension notice, the amount of the acquisition of the overseas lighting enterprise assets involved in about 4 billion -60 billion yuan, with OSRAM lighting business valuation is quite. However, in the face of reporters on the latest progress of the consultation, Elec-Tech or said to disclose the announcement.

FSL is the most promising

According to Reuters, FSL and Bain Capital Group will join forces to bid for OSRAM's business. In this regard, the reporter to verify the company, the other person in charge of the meeting, do not understand the situation declined to answer.

Barclays analysts believe that many companies have China MampA financial strength, taking into account the European brands and channels of appeal in Chinese, they think Chinese most likely in the bidding topped. The Barclays Bank research report lists 16 potential competing OSRAM lighting business Chinese listed companies or IPO queuing companies, including FSL, Linsen, acoustics, rectangular lighting, Sanan optoelectronics, Riyadh, honglitronic, Jufei etc.. among