# KKR, Silver Lake and AlpInvest acquire 80.1% stake in Philips Semiconductors

Royal Philips Electronics signed an agreement to sell an 80.1% stake in its Semiconductors business to a consortium of KKR, Silver Lake Partners and AlpInvest Partners NV. The enterprise value is approximately EUR 8.3 billion, and Philips will retain a 19.9% stake.

- Type: Acquisition
- Announced: 2018-03-08
- Where: Netherlands
- Value: $10.6B (8.30B EUR)
- Status: announced
- Products: silicon system solutions
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [AlpInvest Partners](https://endata.com/companies/1185.md) (acquirer)
- [Silver Lake Partners](https://endata.com/companies/27864.md) (acquirer)
- [Royal Philips Electronics](https://endata.com/companies/30558.md) (target)
- [Kohlberg Kravis Roberts & Co.](https://endata.com/companies/30559.md) (acquirer)

## Sources

- [cdrinfo.com](https://www.cdrinfo.com/d7/content/philips-sells-majority-stake-semiconductors-business), 2018-03-08: "This is a defining moment for both Philips and its semiconductors business."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.