2017-01-11

Osram CFO Quells Chinese Investor Acquisition Rumors

Osram CFO Ingo Bank doused rumors fueled in late 2016 about acquisition talks with Chinese investor Go Scale Capital during an interview with Bloomberg recently.
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2016-03-01

Go Scale Capital to Bid for Philips Lighting Business

The U.S. government’s blockage of Go Scale Capital’s acquisition of former Philips LED component business Lumileds in January 2016, has not deterred the Chinese manufacturer from bidding for Philips Lighting, reported Bloomberg Monday.
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2016-01-25

Undeterred by Failed Acquisition of Lumileds, GO Scale Capital Still on the Lookout for LED Investments

GO Scale Capital and Royal Philips announced that the parties have terminated their March 2015 agreement for GO Scale Capital to acquire 80.1% of Royal Philips' LED lighting components and automotive lighting business, Lumileds. After close to one year of best efforts by GO Scale Capital and Royal Philips to obtain approval from the Committee on Foreign Investment in United States (CFIUS), the parties have been unable to resolve CFIUS' unspecified concerns.         
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2016-01-22

[Breaking News] Philips Terminates Sale of Lumileds to Go Scale Capital

Royal Philips announced that Philips and GO Scale Capital have terminated the agreement pursuant to which the consortium led by GO Scale Capital would acquire an 80.1% interest in Lumileds.
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2015-10-27

LEDinside: Impact from U.S. Regulators Block of Go Scale Capital Acquisition of Lumileds

Philips transfer of its LED component and automotive lighting business Lumileds to Go Scale Capital was abruptly halted by the Committee on Foreign Investment in the United States (CFIUS) over national security concerns, reported The Economic Times on Monday.
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2015-10-26

[Breaking News] U.S. Regulators Oppose Philips Sale of Lumileds

Philips plan to sell Lumileds to Chinese investment consortium led by Go Scale Capital for US $2.8 billion might “unravel following opposition from U.S. regulators,” reported Bloomberg on Monday.
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2015-08-18

Reuters Breaks Down Go Scale Capital’s Loan for Acquiring Lumileds

Reuters recently broke Go Scale Capital’s US $1.93 billion loan to acquire Lumileds and former Philips automotive lighting business. The loan will mostly be used to merge with the $2.8 billion financing to acquire 80% of Lumileds shares.
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2015-07-01

Epistar Chairman: Lumileds Aims to Acquire Greater Market Share in China with Go Scale Capital Investment

Go Scale Capital’s ultimate motive for acquiring Lumileds is to list the LED chip company on the Chinese bourse, a Commercial Times report cited Epistar Chairman B.J. Lee saying at a recent company shareholder meeting.
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2015-06-15

Lumileds Aims to Expand Mid power LED Strategy with Go Scale Capital Investment

Lumileds CEO Pierre-Yves Lesaicherre and other high ranking company officers spoke to LEDinside recently about the company’s mid power LED strategy following the Go Scale Capital investment in the company at Guangzhou International Lighting Exhibition (GILE) 2015, which took place in Guangzhou, China from June 9-12, 2015.
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2015-04-07

Lumileds Remains Largely Unaffected After Go Scale Capital Acquisition

LEDinside recently interviewed Kevin Lucido, Director of Global Marketing Communications at Lumileds, Philips, about the company’s business and technology developments after Go Scale Capital acquires the company.
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2015-03-31

Go Scale Capital Acquisition of Philips Lumileds Might Solve China LED Patent Issues

Over the past year, the LED industry had pondered about the company that would eventually take over Philips lighting component (Philips Lumileds) and automotive business. Go Scale Capital's acquisiton of Lumileds just might be the solution to Chinese manufacturers lack of LED patents, said LEDinside analysts.
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2015-03-31

[Breaking News] GO Scale Capital Investment Consortium Leads 80.1% Acquisition of Philips Lumileds

GO Scale Capital, an investment fund sponsored by GSR Ventures and Oak Investment Partners has announced today that it will acquire an 80.1% interest in Philips' combined LED components and Automotive lighting business, with Philips retaining the remaining 19.9%* interest. The transaction values the business at an enterprise value of approximately USD 3.3 billion. The transaction is expected to be completed in the third quarter of 2015, subject to closing conditions, including customary regulatory approvals.
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Cree announces the commercial availability of the XLamp® XD16 LED, the industry’s first Extreme Density LED, which delivers up to 5 ½ times higher lumen density than Cree’s previous generation of high power LEDs.

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LG Innotek today announced that the company has developed the world's first 100mW (mill watts) UV-C LED. This development is 2 years ahead of the industry forecast that predicted its development would be successful by 2020.

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