Large private-equity firms might be proposing to acquire Philips lighting unit for EUR 5.5 billion (US $6 billion), a Bloomberg report cited a person familiar with the matter saying.

KKR & Co. and CVC Capital Partners are nearing an agreement to buy Philips Lumileds, lighting components unit, a Bloomberg report cited a source saying.

Private equity firms CVC and KKR have offered the highest bid for acquiring Philips lighting components business, a Reuters report cited three sources familiar with the matter saying.