M&A Deal Summary

Philips Acquires Partners in Lighting International NV

On February 6, 2007, Philips acquired manufacturer Partners in Lighting International NV from CVC Capital Partners and European Capital

Acquisition Highlights
  • This is Philips’ 1st transaction in the Manufacturing sector.
  • This is Philips’ 1st transaction in Belgium.

M&A Deal Summary

Date 2007-02-06
Target Partners in Lighting International NV
Sector Manufacturing
Buyer(s) Philips
Sellers(s) CVC Capital Partners
European Capital
Deal Type Add-on Acquisition

Target

Partners in Lighting International NV

Kontich, Belgium
PLI is a European market leader in home luminaires. It develops, manufactures and markets a broad portfolio of more than 10,000 distinct home lighting luminaires under brand names such as Massive, TRIO and Lirio, and concepts like Aqua, LED and Cucina.

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Buyer(S) 1

Buyer

Philips

Amsterdam, Netherlands

Category Company
Founded 1891
Sector Consumer Products
Employees67,263
Revenue 18.0B EUR (2024)
DESCRIPTION
Philips office building in Prague, Czech Republic.
Philips office building in Prague, Czech Republic.

Philips is a diversified health and well-being company with products that include cardiac care, acute care and home healthcare, oral healthcare, and male shaving and grooming. Philips was founded in 1891 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 6 of 33
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 28
Country: Belgium M&A 1 of 1
Year: 2007 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-29 Advanced Metrology Systems

Billerica, Massachusetts, United States

Advanced Metrology Systems LLC manufactures high-throughput, non-contact measurement devices for in-line monitoring in semiconductor manufacturing.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 Health Watch Holdings

Cherry Hill, New Jersey, United States

Health Watch Holdings, Inc., (Health Watch), based in Cherry Hill, New Jersey, is the second largest provider of personal response systems (“PRS”) and monitoring services in the United States. The PRS industry serves the needs of medically at-risk elders and disabled individuals who wish to remain in their own homes.

Buy $130M

Seller(S) 2

SELLER

CVC Capital Partners

Luxembourg, Luxembourg

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 177.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

CVC Capital Partners is a global private equity firm focused on investments in large companies located in Europe, North America, and Asia. CVC looks for opportunities with stable cash flows and talented management, and will consider businesses in a variety of industries. Target sectors include textiles, industrial products, waste management, building materials, energy/utilities, business services, financial services, distribution, healthcare, media, semiconductors, and gaming. CVC can handle transactions valued from €200 million to €10 billion. CVC Capital Partners was formed in 1981 and is based in Luxembourg.


DEAL STATS #
Overall 60 of 181
Sector: Manufacturing M&A 4 of 11
Type: Add-on Acquisition M&A Deals 23 of 69
Country: Belgium M&A 2 of 6
Year: 2007 M&A 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-01 Fraikin Groupe SA

quai Le Gallo, France

Fraikin is the French leader in long-term leasing of commercial vehicles and holds a 25% market share. Fraikin’s customer growth has mainly been in the area of parcel delivery and transportation, as well as in the food industry and distribution.

Buy €1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-28 Matas A/S

Allerod, Denmark

Matas core business is the sale of branded beauty products, which are priced at a medium-to-premium price level and to a large extent distributed on a selective or sole distribution basis. Sales of beauty products make up approximately 70% of sales, the remainder of sales being driven by three other product categories: vitamins and dietary supplements, household goods and OTC/non-prescription medicine.

Buy -
SELLER

European Capital

London, United Kingdom

Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

European Capital is the European investment affiliate of American Capital. European Capital looks to provide a variety of investment and financing solutions including unitranche debt, mezzanine capital, senior debt, and equity co-investment. Funds are typically used to support buyouts, recapitalizations, finance growth, and make acquisitions. European Capital is sector agnostic, however the Firm has a preference for investments in the consumer, technology, manufacturing, services, and distribution sectors. European Capital was formed in 2005 and is based in London.


DEAL STATS #
Overall 1 of 54
Sector: Manufacturing M&A 1 of 5
Type: Add-on Acquisition M&A Deals 1 of 17
Country: Belgium M&A 1 of 1
Year: 2007 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-25 Hyatt Regency Entertainment

Chicago, Illinois, United States

Hyatt Regency Entertainment are a global hospitality company with widely recognized, industry leading brands and a tradition of innovation developed over our more than fifty-year history.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Vivarte SAS

Paris, France

Vivarte is the #1 footwear and clothing retailer in France with an extensive portfolio of brands (including La Halle aux Chaussures, Chaussland, André, San Marina, Minelli in the shoe sector and La Halle, Kookaï, Liberto, Caroll in clothing). The company has a very strong position in the "value for money" segment of the market and is also active in Spain and Switzerland.

Buy €3.3B