GSR Capital Announces the Formation of a $5 Billion Mergers and Acquisitions Fund-GSR Global M&A Fund - Seite 2

Prior to the formation of this Global M&A Fund, GSR GO Scale Capital had already established an SPV to acquire 80.1% of the shareholding of Lumileds, the original LED component and the automotive lighting company under Royal Philips (NYSE: PHG; AEX: PHIA). Lumileds is the market leader in the LED industry with market share of more than 10% in the global general lighting, more than 30% in the automotive lighting and more than 50% in the mobile phone lighting market. Its customer base includes global market leaders such as Audi, BMW and Samsung. Lumileds is also a technology innovation leader owning 20% of the total global LED patents.

The announcement of the Philips Lumileds acquisition on May 27, 2015, was followed by GO Scale Capital and Philips choosing Bank of China as Mandated Lead Arranger and Sole Bookrunner of $1.93 Billion USD debt facilities to finance this landmark transaction. Bank of China has an extensive global service network, a diversified business platform and international business expertise to provide leveraged buy-out financing in support of private equity clients' acquisitions globally.

"We believe in the market potential of Philips Lumileds. And GSR GO Scale Capital demonstrated its deep understanding of the industry, its ability to quickly make decisions, as well as its professionalism and strong execution capabilities, which is among the top echelon of its peers. We look forward to working together on more deals through the GSR Global M&A Fund," said the Corporate Banking Group of the Bank of China.

"GSR Global M&A Fund will continue duplicating the early investment successes in Boston Power, Airspan and Philips Lumileds, creating value and superior returns through China localization with a top-notch team of industry leaders like Dr. Sun Shiwei, Jiang Hua and Allan Kwan, who are among the top experts in semiconductors, telecom and wireless internet," added Wu.

About GSR Capital 

GSR Capital is one of the most active technology investment firms in China with offices in HK, Palo Alto and Beijing with focus on wireless internet, clean energy, semiconductors, and pharmaceutics and healthcare. The GSR family of funds currently has over $2 billion under management. GSR Capital is committed in building great technology companies globally leveraging the China market forces, disruptive technologies and operational leadership.

About Good Resources Holdings Limited  

Good Resources Holdings Limited (HKEX: 00109) is a limited liability company incorporated Bermuda listed on The Stock Exchange of Hong Kong Limited. The company focuses on investments and& M&A management in six major industry sectors, including finance and funds, clean energy, pharmaceutics and life sciences, commodity investment, internet finance, and cultural industry.