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At 2 pm on March 31, Wu Shenjun finally breathed a sigh of relief. He was in Amsterdam, and he just broke free from a fierce merger and acquisition.
"The results are very satisfying." After the success of the conference call, he told reporters that he is in a good mood.
Wu Shenjun is currently the co-founder and managing director of the Jinshajiang Venture Capital Fund (hereinafter referred to as “Jinshajiang Venture Capitalâ€). On the same day, he was led by the chairman of the Jinshajiang GOScaleCapital (a fund formed by a combination of Jinshajiang Venture Capital and Oak Investment Partners), Asia Pacific Resources Development Investment Co., Ltd. (hereinafter referred to as “Asia Pacific Resourcesâ€) and Nanchang Industrial Holding Group Co., Ltd. Said the "Nanchang Industrial Holdings" and other consortium-backed M&A funds, announced the successful acquisition of 80.1% of the Royal Lighting Company's LED lighting business (Lumileds), Philips will retain the remaining 19.9% ​​of the shares.
The information the reporter has is that the transaction value is about 3.3 billion US dollars, equivalent to about 20.5 billion yuan. The transaction is expected to be completed after the third quarter of 2015 is approved by the regulatory authorities. After the completion of the acquisition, Wu Shenjun will serve as interim president of Lumileds. “The competition for competition is very intense. I talked about it for more than six months.â€
The deal also includes Philips' transfer of more than 600 patents on LED production and automotive lighting to Lumileds.
Beat a number of international consortia <br> <br> It is reported that the acquisition process, China had encountered a strong opponent, all the other huge foreign consortium. "Their money is rich in the enemy, for them billions of dollars (bidding) a piece of cake."
Wu Shenjun told this reporter that the competition is fierce and long. The focus is often not on the price, because the prices given by each other are similar, and "Philips is a professional international company with strict procedures. After several rounds of bidding, Each round was eliminated once, and finally, at the end of December last year, we represented the domestic consortium as the only bidder for the final bid."
Wu Shenjun believes that the success of the bidding is mainly "Philips can see, recognize the resources that other consortiums can not get, and the ability to integrate capacity, including the strong desire to focus on the development of this industry."
According to the data, Philips Lumileds currently includes LED and Automotive Lighting Division, the world's leading manufacturer of lighting equipment, including lighting components, general lighting, automotive lighting and mobile electronic lighting. In 2014, Lumileds had sales of nearly $2 billion and its pre-tax profit margin reached double digits.
“The acquisition of Lumileds is indeed a successful case.†Wu Shenjun told this reporter that GOScaleCapital will expand the global market for Lumileds by investing in a global operations center and focusing on the fast-growing lighting and automotive industries. Lumileds has world-leading technology in LED chips, LED mobile phone flashlights and automotive lighting, as well as a stable customer base such as BMW, Volkswagen and Audi. 
[The transaction value is about 3.3 billion US dollars, equivalent to about 20.5 billion yuan. The transaction also includes Philips' transfer of more than 600 patents on LED production and automotive lighting]