everbright-idg industrial fund invests in osram lighting business ledvance
deal shows fund’s extensive capabilities in large cross-border m&as
china everbright limited (“cel” or “the group”, stock code: 165.hk) today announced that the group’s everbright-idg industrial fund (“the fund”) has completed its investment in ledvance, a global leader in led lighting owned by the world’s second-largest lighting business, osram.
the investment demonstrates the fund’s strength in large scale cross-border m&as, as well as a successful example of deep integration between leading industry chain enterprises based on a listed company. it is also expected to be an important step toward upgrading china’s lighting industry by introducing advanced, world-class led technology and marketing channels from abroad, propelled by the dual drivers of capital and industry.
headquartered in germany, osram ranks no. 1 in western europe in the lighting and lamp business and boasts brand capital on par with other global lighting giants such as general electric and philips. in 2015 the company attained approximately eur5.6 billion in sales. subsidiary ledvance recorded revenue of eur2 billion in 2015, accounting for 40% of osram’s revenue.
the fund is committed to creating the largest, most influential industrial m&a fund in china. it announced last month that it had participated with baidu, hillhouse capital, idg capital and sequoia capital in the latest round of financing for iqiyi, china’s leading video entertainment brand, a strategic investment in the country’s fast-growing video entertainment industry.
cel, one of the managers of the fund and a close partner of idg capital, also participated in acquisition of idg’s (international data group) global investment business, idg ventures, a deal led by idg capital. the transaction was completed in february this year.
the investment demonstrates the fund’s strength in large scale cross-border m&as, as well as a successful example of deep integration between leading industry chain enterprises based on a listed company. it is also expected to be an important step toward upgrading china’s lighting industry by introducing advanced, world-class led technology and marketing channels from abroad, propelled by the dual drivers of capital and industry.
headquartered in germany, osram ranks no. 1 in western europe in the lighting and lamp business and boasts brand capital on par with other global lighting giants such as general electric and philips. in 2015 the company attained approximately eur5.6 billion in sales. subsidiary ledvance recorded revenue of eur2 billion in 2015, accounting for 40% of osram’s revenue.
the fund is committed to creating the largest, most influential industrial m&a fund in china. it announced last month that it had participated with baidu, hillhouse capital, idg capital and sequoia capital in the latest round of financing for iqiyi, china’s leading video entertainment brand, a strategic investment in the country’s fast-growing video entertainment industry.
cel, one of the managers of the fund and a close partner of idg capital, also participated in acquisition of idg’s (international data group) global investment business, idg ventures, a deal led by idg capital. the transaction was completed in february this year.