Married Lumileds Jinsha River was $1 billion 900 million debt financing

The Economic Observer network on May 27th, GO Scale Capital (co sponsored by Jinsha River venture capital and independent oak Investment Fund) announced its acquisition of Philips Lumileds merger at present received substantial progress, the company will Chinese and bank debt financing for the acquisition of the purpose of cooperation.

The amount of debt is $1 billion 930 million, including the dollar and the euro part of the term loans and revolving credit.

Data show that LumiLEDs is a world leading manufacturer of lighting products, including lighting components, general lighting, automotive lighting and lighting of mobile electronic devices, the company's business covers more than and 30 countries around the world, in 2014, the company sales volume of nearly $2 billion, pre tax profit rate reached two digit, gross margin is among the best in the global industry.

Before March 31st, the Jinsha River venture announced that GO Scale Capital has successfully acquired a 80.1% stake in Lumileds, PHILPS will retain the remaining 19.9% of the shares, after the completion of the acquisition, PHILPS will transfer more than 600 of LED production and automotive lighting patent to Lumileds, at the same time, the interim president of Jinsha River venture capital co-founder and managing director Wu Shenjun Lumileds will be in the completion of the acquisition.

For the selection of China bank financing as the object, Gonobu Jun said: "we discussed the financing scheme with a number of international financial institutions, found that Chinese bank can provide the most suitable for the company in terms of its high efficiency and robust support will be in favor of the company's operational flexibility and cost savings. Cooperation will increase the value of shareholders, so that the company can focus on investment and growth. "

It is understood that the majority of Lumileds equity acquisition project is expected to be completed after the completion of the delivery conditions, including the approval of the relevant regulatory authorities, is expected to be completed in the third quarter of 2015.

China bank financial department deputy general manager Li Wang said, has milepost sense of debt financing project Lumileds, "professional knowledge China bank has a global service network, widely diversified business platform and internationalization, can provide leverage financing support for private equity clients global acquisitions, believe that the market potential of Lumileds, the leadership and investors will be able to enhance its global business.

In addition, shortly before, the Jinsha River venture also said Lumileds plan will be pushed to the capital market, Wu Shen handsome revealed, Jinsha River venture capital and other members of the Lumileds consortium will continue to invest in talent, capital, support, through the development in China, the IPO in the international market, hope to be able to create an industry the leading enterprises.

However, the plan did not disclose the Wu Shen handsome IPO place, but said the listing of things "ripe, ok".

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).