Sunday, August 20, 2006

Bain Capital and Apax Partners Invest in Philips' Semiconductor Unit

Bain Capital and Apax Partners have joined Kohlberg Kravis Roberts & Co., Silver Lake Partners, and AlpInvest Partners has agreed to acquire an 80.1 percent stake in the Semiconductor Division of RoyalPhilips Electronics.

Philips' semiconductor business is a leading supplier of silicon system solutions for mobile communications, consumer electronics, digital displays, contactless payment and connectivity, and in-car entertainment and networking. The business employs about 37,000 people worldwide, and had sales in 2005 of EUR 4.6 billion.


See also