Apollo Funds acquires a Controlling Stake in Philips’ Lumileds Business for $2 Billion


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 (Picture), Gregory Ezring, Jeanette Chan 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.

Involved fees earner: David Lakhdhir – Paul Weiss Rifkind Wharton & Garrison; Jeanette Chan – Paul Weiss Rifkind Wharton & Garrison; John Scott – Paul Weiss Rifkind Wharton & Garrison; Wendy Semel – Paul Weiss Rifkind Wharton & Garrison; David Carmona – Paul Weiss Rifkind Wharton & Garrison; Gregory Ezring – Paul Weiss Rifkind Wharton & Garrison; Menachem Kaplan – Paul Weiss Rifkind Wharton & Garrison; Brad Okun – Paul Weiss Rifkind Wharton & Garrison; Richard Elliott – Paul Weiss Rifkind Wharton & Garrison; Peter Jaffe – Paul Weiss Rifkind Wharton & Garrison; Lawrence Witdorchic – Paul Weiss Rifkind Wharton & Garrison; Mitchell Berg – Paul Weiss Rifkind Wharton & Garrison; Barry Langman – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Apollo Global Management;

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