# Consortium to acquire 83.5% stake in On-Bright Electronics for TWD 10.8 billion

A consortium including Pavilion Capital and Axiom Asia Private Capital agreed to acquire an 83.5% stake in On-Bright Electronics from Lite-On Semiconductor and others for TWD 10.8 billion.

- Type: Acquisition
- Announced: 2020-01-08
- Where: TWN
- Value: $360.0M (10.8B TWD)
- Status: announced
- Products: semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Lite-On Semiconductor Corporation](https://endata.com/companies/41233.md) (partner)
- [On-Bright Electronics Inc.](https://endata.com/companies/43417.md) (target)
- [Pavilion Capital](https://endata.com/companies/44358.md) (acquirer)
- [Axiom Asia Private Capital](https://endata.com/companies/44359.md) (acquirer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/ON-BRIGHT-ELECTRONICS-INC-13491456/news/A-consortium-comprising-Pavilion-Capital-Pte-Ltd-Axiom-Asia-Private-Capital-and-others-entered-in-34027905/), 2020-01-07: "A consortium comprising Pavilion Capital Pte. Ltd., Axiom Asia Private Capital and others entered into a merger agreement to acquire 83.5% stake in On-Bright Electronics Incorporated from Lite-On Semiconductor Corp. and others for TWD 10.8 billion."

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