Bain Capital and Apax Partners have joined Kohlberg Kravis Roberts & Co., Silver Lake Partners, and AlpInvest Partners has agreed to acquire an 80.1 percent stake in the Semiconductor Division of RoyalPhilips Electronics.
Philips’ semiconductor business is a leading supplier of silicon system solutions for mobile communications, consumer electronics, digital displays, contactless payment and connectivity, and in-car entertainment and networking. The business employs about 37,000 people worldwide, and had sales in 2005 of EUR 4.6 billion.
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