News Article
A royal share in the Phillips stakes
Announcements were recently made that Bain Capital and Apax Partners are to take a share in the Royal Phillips Semiconductor pie.
The odds look good for the investment firms as they stand to acquire an 80.1 percent stake in the semiconductor division of Royal Philips Electronics. A definitive agreement has been signed by both parties confirming the decision. This news follows the recent announcement that Phillips has publicized its decision to sell a critical part of its semiconductor business for $10.68 million earlier this month. As a result this move has been deemed with confidence to strengthen the company's prospects as the consortium as a whole boast of an excellent bill of investment and development in the technology and semiconductor industry.
