Bank of China to provide financing for GO Scale's Lumileds buy

GO Scale Capital, a fund sponsored by GSR Ventures and Oak Investment Partners, said it working with Bank of China to finance its buy of Lumileds. Philips announced the sale of Lumileds to GO Scale Capital, which is buying 80.1 percent, in March. The deal, reportedly valued at $3.3 billion, includes $1.93 billion in debt. Lumileds is Philips combined LED components and Automotive lighting business.

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