Deal Snapshot
KKR TO FORM STRATEGIC PARTNERSHIP WITH NVC LIGHTING AND ACQUIRE MAJORITY INTEREST IN NVC LIGHTING´S CHINA LIGHTING BUSINESS
Tuesday 13 August 2019

US-based investment firm KKR (NYSE: KKR) and NVC Lighting Holding Ltd. (Stock Code:2222) have signed a deal under which KKR has agreed to set up a strategic partnership with China-based lighting solutions company NVC Lighting and acquire a majority interest in NVC Lighting's China Lighting Business for a total equity value of approximately USD 794m, the firm said.
Following the completion of the transaction, KKR will own 70% of NVC China and NVC Lighting will hold the remaining 30% and receive a cash consideration. NVC China is a leading lighting company in China, manufacturing, selling and distributing branded lighting products and providing lighting solutions to consumers and business clients through a robust distribution network across China.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 13/08/2019
Target: NVC Lighting/China Lighting Business/majority stake
Country: China
Deal Size: 794m (USD)
Sector: Electronics
Type: LBO
Financing: Cash
Status: Agreed
Vendor: NVC Lighting Holding
Buyer: KKR
Buyer Advisor: Paul, Weiss, Rifkind, Wharton and Garrison , Fangda Partners , Kirkland and Ellis
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