Dutch electronic giant Philips ( PHG) reportedly has some big-name investors vying for its semiconductor division.Three groups of private-equity firms are in the "final stage" of bidding more than 8 billion euros, or $10.2 billion, for the unit, according to a report Sunday on The Wall Street Journal's Web site, which cited people familiar with the situation. Philips put its semiconductor unit on the auction block last year so it could better focus on its consumer, lighting and medical-equipment businesses. Although the company said it would seek to spin off the unit through an IPO, it also began accepting bids from potential buyers, the report noted. Here are the three groups in the final stage of bidding, according to the report:
- Kohlberg Kravis Roberts of New York; and Silver Lake Partners of Menlo Park, Calif. - Permira Advisors of London; Texas Pacific Group of Fort Worth, Texas; and Blackstone Group of New York. - Bain Capital of Boston; Apax Partners Worldwide of London; and Francisco Partners Management of Menlo Park, Calif.Shares of Philips lost 27 cents Friday to close at $29.78.