Davis Polk advised the joint global coordinators,  joint bookrunners and co-bookrunners in connection with the initial public offering of shares and listing on Euronext Amsterdam of Philips Lighting N.V., the historical lighting business of Koninklijke Philips N.V. (“Royal Philips”). Assuming that the over-allotment option is exercised in full, the offering will comprise the sale by Royal Philips of approximately 29% of the shares in Philips Lighting, raising gross proceeds of over €860 million.

Headquartered in Amsterdam, Philips Lighting is a global leader in the general lighting market with recognized expertise in the development, manufacturing and application of innovative lighting products, systems and services. Philips Lighting has commercial activities in approximately 180 countries. It has operational manufacturing plants in 22 countries in all major regions of the world and more than 70 sales offices worldwide.

The Davis Polk corporate team included partner John Banes and associate Matt Hart. Partner John D. Paton and associate Omer Harel provided tax advice. All members of the Davis Polk team are based in the London office.

Copy link to share post