Status:  Clearance


Acquirer:  IDG Capital Partners (China), MLS Co, Ltd. (China) and Yiwu State-Owned Assets Operation Center (China)

Acquired:  LEDvance, business unit of Osram Licht AG (German)

Value:  Approx. EUR400 Million (US$442.2 Million)

Industry: Semiconductors


Coloured_LightsAccording to recent news reports, the Committee on Foreign Investment in the United States (CFIUS) has cleared the proposed acquisition, announced in August 2016, of Osram Licht AG’s LED lighting business, LEDvance GmbH, by a consortium of buyers led by Chinese investment firm IDG Capital Partners, and including Chinese LED manufacturer MLS Co, Ltd. and Chinese investor Yiwu State-Owned Assets Operation Center (described by Bloomberg as a state-owned asset management firm).  (See Reuters, Osram says gets U.S. government approval for lamps unit sale, Feb. 11, 2017;  see also MLS Co. Press Release, OSRAM and MLS to Carve Out Their Positions in LED Lighting Market with LEDVANCE Deal, Says LEDinside, Aug. 15, 2016.)