Feile Audio announced yesterday that the company officially hired HSBC as the exclusive international financial advisor for the acquisition of OSRAM Lighting's business project.
OSRAM Licht AG is the world's second largest lighting company, with its channel business including CLB (traditional lighting and ballast) and LL&S (LED lights and systems), with world-renowned brands OSRAM (Osram) and Sylvania (Hi Million years), and covering a huge sales channel in about 150 countries.
Earlier on July 21, Feilo Audio (600651) announced that the company and its related parties may adopt a newly established special purpose acquisition entity (SPV), expecting to acquire the channel business of OSRAM Licht AG. .
Feile Audio intends to issue a non-binding letter to OSRAM Licht AG to acquire its channel business, either to acquire the business in cash or to complete the acquisition in one step through a newly formed special purpose acquisition entity (SPV). The company plans to complete the acquisition by means of debt and equity financing.
Recently, Feile Audio will jointly carry out the next specific work according to the progress of the project and the exclusive international financial consultant HSBC, and will disclose it according to the progress of the project in a timely manner.
Based on the business development capabilities of Feile Audio in the domestic and international markets, the implementation history in the field of M&A and integration, the diversified financing channels in the financial market, the shareholder background combining state-owned and private-owned, and the management team with many years of operational experience, the company is OSRAM continues to operate the best partner in its lighting business segment.
At present, Feile Audio has set up an experienced international team to support this potential acquisition opportunity, as the final agreement for the acquisition of OSRAM lighting business is yet to be further discussed in the future.
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