Annual Report 2007
(pdf, 1.24Mb)
On September 29, 2006, Koninklijke Philips Electronics N.V. (“Philips”) sold 80.1% of its semiconductors businesses to a consortium of private equity investors in a multi-step transaction, consisting of Kohlberg Kravis Roberts & Co. (KKR), Bain Capital, Silver Lake Partners, Apax and AlpInvest Partners N.V., while Philips retained 19.9% of our shares.
The deal was partly financed using bridge financing made available. We have offered high-yield bonds, in turn, to refinance this bridge financing.
In this section, you'll find: