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Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.

Apollo Funds to Acquire Controlling Stake in Philips’ Lumileds Business

Paul, Weiss advised funds affiliated with Apollo Global Management, LLC in the acquisition of an 80.1 percent interest in Royal Philips' Lumileds business. Lumileds is a leading supplier of LED components and automotive lighting. The enterprise value of the transaction, announced on December 12, is approximately $2 billion.

The Paul, Weiss team included corporate partners David Lakhdhir, Gregory Ezring and John Scott and counsel Wendy Semel and David Carmona; intellectual property counsel Menachem Kaplan; tax partner Brad Okun; international trade counsel Richard Elliott; litigation partner Peter Jaffe; employee benefits partner Lawrence Witdorchic; real estate partner Mitchell Berg and counsel Barry Langman.

December 12, 2016

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