Deals
Chinese Investor GO Scale Said to Bid for Philips Lighting
- GO Scale makes offer even after CFIUS blocked Lumileds deal
- Philips may hesitate to risk another asset sale falling apart
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Chinese investor GO Scale Capital, whose bid for Royal Philips NV’s lighting-components unit was blocked by the U.S. government last month, is hoping for better luck the second time around.
The private equity firm, which previously tried to buy Philips’s Lumileds business, is bidding for the Dutch company’s other lighting division, according to people familiar with the matter, who asked not to be identified because the deliberations are private. The unit could fetch about 5 billion euros ($5.4 billion), people familiar with the process had previously said.