Investment Summary

Philips Invests In General Lighting Company

On March 17, 2014, Philips invested in electrical equipment company General Lighting Company from The Carlyle Group

Investment Highlights
  • This is Philips’ 3rd transaction in the Electrical Equipment sector.
  • This is Philips’ 1st transaction in Saudi Arabia.

Investment Summary

Date 2014-03-17
Target General Lighting Company
Sector Electrical Equipment
Investor(s) Philips
Sellers(s) The Carlyle Group
Deal Type Stake Purchase

Target

General Lighting Company

Riyadh, Saudi Arabia
General Lighting Company Ltd. is the largest lighting fixtures manufacturer and supplier, manufactures a broad range of indoor, outdoor and industrial lighting products. In addition, the company represents leading international lighting brands and provides complete lighting solutions to its clients.

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Investor(S) 1

Investor

Philips

Amsterdam, Netherlands

Category Company
Founded 1891
Sector Consumer Products
Employees69,062
Revenue 18.2B EUR (2023)
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. Koninklijke Philips was founded in 1891 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 15 of 33
Sector (Electrical Equipment) 3 of 3
Type (Stake Purchase) 1 of 1
Country (Saudi Arabia) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-30 Speech Processing - Philips

Vienna, Austria

Speech Processing - Philips is the market leader in professional dictation, almost every other professional voice recorder is Philips worldwide.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 Volcano

San Diego, California, United States

Volcano Corp. is a provider of imaging and measurements for minimally invasive diagnostics and treatment of coronary artery disease and peripheral vascular disease.

Buy $1.2B

Seller(S) 1

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 250 of 480
Sector (Electrical Equipment) 5 of 5
Type (Stake Purchase) 4 of 13
Country (Saudi Arabia) 1 of 1
Year (2014) 7 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-13 Traxys

Strassen, Luxembourg

Traxys is an intermediary between base metal, noble alloy, industrial mineral producers, and industrial end-users. The Company provides a full range of commercial services such as marketing, sales, distribution, hedging, supply chain financing, raw materials sourcing, credit risk coverage, and logistics. Traxys was formed in 1919 and is based in Strassen, Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-02 Sermeta

Morlaix, France

Sermeta is a global manufacturer of stainless steel heat exchangers for condensing boilers in commercial and residential premises across Europe and North America. Sermeta was founded in 1993 and is based in Morlaix, France.

Sell -