Royal Philips Electronics has announced that it has signed an agreement with KKR, Silver Lake Partners and AlpInvest Partners NV regarding the sale of an 80.1% stake in Philips' Semiconductors business. Philips will retain a 19.9% stake in the business. The transaction will put the enterprise value for Philips' Semiconductors business at approximately EUR 8.3bn, consisting of EUR 3.4bn purchasing price, EUR 4bn for debt and other liabilities, and EUR 0.9bn for Philips' remaining stake. The transaction is expected to close in the fourth quarter of 2006, subject to closing conditions, including governmental and regulatory approvals.
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater