Announced
Completed
Financials
Tags
Friendly
Netherlands
Completed
LED components
Acquisition
automotive lighting
Cross Border
Single Bidder
Semiconductors
Majority
Private Equity
Private
Synopsis
Apollo Global Management, a private equity firm, completed the acquisition of an 80.1% stake in Lumileds, a supplier of LED components and automotive lighting, from Philips, for $1.5bn. “We are fortunate to have Apollo’s and Philips’ support as Lumileds embarks upon our next chapter as an innovator of high performance LEDs and a leader in advanced lighting solutions," Mark Adams, Lumileds CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.