Lumileds Is Now Officially an Independent Company - Energy Watch News


Lumileds Is Now Officially an Independent Company

Lumileds announced that funds affiliated with Apollo Global Management, LLC and Royal Philips completed their previously disclosed transaction, resulting in Lumileds operating as an independent company. As announced in December 2016, Apollo and Philips agreed to a transaction where Philips would sell 80.1% interest in Lumileds to certain funds managed by Apollo and retain the remaining 19.9% interest in the company. Apollo is a leading global alternative investment manager with assets under management of approximately USD 197 billion* in private equity, credit and real estate funds, invested across a core group of nine industries, where Apollo has considerable knowledge and resources. http://bizled.co.in/lumileds-is-now-officially-an-independent-company/Lumileds, Phjilips, Appo

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