PHILPS lighting business sold two private equity group bidding advantage

In March 11th, three people familiar with the matter said, by a private Holdings Company CVC and KKR consortium in the bid for PHILPS lighting components business in the highest bid, but rival Bain capital (Bain Capital) could still raise price.

The source said that PHILPS hopes to bid to continue until the end of this week, the best price for the assets, the business valuation of about 2 billion 500 million euros.

One of the sources said that so far, the two bidders raised the price has a significant gap, the possibility of reducing the possibility of winning Bain capital.

"Unless the CVC and KKR that they buy expensive, otherwise the deal is their victim," the source said. He refused to be named because of the secret.

PHILPS, Bain Capital and PHILPS's Morgan Stanley declined to comment. It is not immediately available for comment on behalf of CVC and KKR.

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