GIC, CDH Investments partner for Philips' home appliances bid

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No They will submit a joint offer for the US$3.6b home appliance business. Sovereign wealth fund GIC has teamed up with Chinese asset manager CDH Investments to submit a joint offer for the US$3.6b home appliance business of Philips, Reuters reported. Amongst the duo’s competitions are Asia-focused private equity firm Hillhouse Capital and a consortium of Citic Capital, Sequoia and TCL Capital, the sources said on anonymity. read more