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Apollo Funds to Acquire Controlling Stake in Philips’ Lumileds Business
- Client News
- December 12, 2016
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.