Go Scale’s China angle wins Philips deal
The auction of Dutch electronics giant Philips’ LED components and automotive lighting unit that began in June of last year drew bids from a host of global buyout firms. Bain Capital and a KKR-CVC Capital Partners consortium are among those said to have submitted offers.
But a Chinese group, which entered the fray in mid-March, eventually won out, in part thanks to its deep industry connections in China. The consortium led by Go Scale Capital, which is sponsored by VC...
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