Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
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.