Blackstone and Onex Team Up to Bid for Philips Lighting - Energy Watch News


Blackstone and Onex Team Up to Bid for Philips Lighting

Blackstone Group LP and Onex Corp. have teamed up to bid for the lighting unit of Royal Philips NV, according to people familiar with the situation. The business could be worth between €4.5 billion ($4.9 billion) and €5 billion. The two North American private-equity firms are competing with New York-based rival Apollo Global Management LLC and U.K. investment company Melrose Industries PLC. They are teaming up to share the large equity commitment that a successful bid would require. http://www.wsj.com/articles/blackstone-and-onex-team-up-to-bid-for-philips-lighting-1457028188

Tagged with: , , , , ,
Posted in Industry News

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Featured Product


 

Featured Job

Regional Lighting Sales Manager – Hubbell Lighting

Los Angeles, CA

Featured Job Listing