KKR将秉其资源及运营专长助力中国体彩票app官方下载中国体彩票app官方下载中国中国体彩票app官方下载业务在国内市场保持持续增长

通过与 KKR 建立的合资企业，中国体彩票app官方下载中国体彩票app官方下载将拥有中国体彩票app官方下载中国体彩票app官方下载中国中国体彩票app官方下载业务 30% 的股权

中国体彩票app官方下载中国体彩票app官方下载董事会宣布在交割完成时将向股东派发不少于每股 0.9 港元的特别股息

 

 

中国香港 – 2019 年 8 月 11 日 – 国际投资机构 KKR 与中国体彩票app官方下载中国体彩票app官方下载控股有限公司（以下简称“中国体彩票app官方下载中国体彩票app官方下载”或 “公司”）（股票代码：2222）今天宣布签署股份购买协议。根据该协议，KKR 将与中国体彩票app官方下载中国体彩票app官方下载达成战略合作并以约 7.94 亿美元股权对价收购中国体彩票app官方下载中国体彩票app官方下载中国中国体彩票app官方下载业务（以下简称“中国体彩票app官方下载中国”）多数股权。交割完成后，KKR 将持有中国体彩票app官方下载中国 70%的股权，中国体彩票app官方下载中国体彩票app官方下载将持有剩余 30%股权，并获得现金对价。

 

 

中国体彩票app官方下载中国是中国中国体彩票app官方下载行业的龙头企业之一，通过其遍及中国各地的强大分销网络，制造及销售中国体彩票app官方下载品牌中国体彩票app官方下载产品，并向消费者和商业客户提供中国体彩票app官方下载解决方案。

 

 

KKR全球合伙人兼大中华区总裁杨文钧表示：“中国中国体彩票app官方下载市场在过去20年间经历了迅猛增长，并随着技术的进步及新一代产品的推出而不断发展。中国体彩票app官方下载中国是中国体彩票app官方下载行业的领导者，拥有广泛的经销网络、知名的品牌影响力和强大的产品设计能力。我们十分期待与中国体彩票app官方下载中国卓越的管理团队联手协作，支持他们的长期发展规划，为中国中国体彩票app官方下载产业的整体持续发展做出贡献，同时KKR也将借此进一步深耕于中国市场。”

 

 中国体彩票app官方下载中国体彩票app官方下载董事长王冬雷先生表示：“中国体彩票app官方下载中国体彩票app官方下载董事会在财务顾问及法律顾问的协助下主导了本次交易的完整的竞标流程。我们很高兴这一健全的竞标流程为我们的股东带来了满意的结果——中国体彩票app官方下载中国体彩票app官方下载的股东在继续持有中国体彩票app官方下载中国少数股份、中国体彩票app官方下载国际业务全部股份及中国体彩票app官方下载中国非中国体彩票app官方下载业务全部股份的同时，还将获得可观的现金对价。我们相信KKR是中国体彩票app官方下载中国体彩票app官方下载理想的合作伙伴，双方对中国体彩票app官方下载中国未来发展机遇看法高度一致，KKR具有的资源及运营专长也将助力中国体彩票app官方下载中国业务的长期发展。”

 

 

中国体彩票app官方下载中国将继续深耕中国市场，致力于满足中国消费者及企业客户对高品质中国体彩票app官方下载产品日益增长的需求。KKR的相关资源和运营专长将支持中国体彩票app官方下载中国推进其长期增长战略。中国在消费、工业及商业领域的持续产业升级，以及在环境保护和节能方面的相关举措也将为中国体彩票app官方下载中国的战略发展带来利好，并将支持中国的中国体彩票app官方下载行业长期健康发展。中国体彩票app官方下载中国将持续投资中国业务，以技术及商业模式创新者的身份继续保持中国体彩票app官方下载中国体彩票app官方下载品牌的行业领先地位。

 

 

 

交易细节

 

 

在本次交易中，KKR和中国体彩票app官方下载中国体彩票app官方下载将成立合资企业，KKR将持有中国体彩票app官方下载中国70%股权，中国体彩票app官方下载中国体彩票app官方下载将持有剩余的30%股权。中国体彩票app官方下载中国体彩票app官方下载将向KKR和中国体彩票app官方下载中国体彩票app官方下载共同拥有的合资企业转让中国体彩票app官方下载中国100%股权。中国体彩票app官方下载中国体彩票app官方下载还将从交易中获得现金对价。最终的支付结算取决于若干调整和交割条件。

 

 

在获得批准且交割完成的前提下，中国体彩票app官方下载中国体彩票app官方下载董事会将宣布，向中国体彩票app官方下载中国体彩票app官方下载的股东派发不低于每股0.9港元的特别股息。中国体彩票app官方下载中国体彩票app官方下载将召开特别股东大会，供股东批准此项交易和特别股息。

 

中国体彩票app官方下载中国体彩票app官方下载的中国非中国体彩票app官方下载业务、中国原始设计制造商（ODM）业务和国际业务不包括在此项交易中，将继续由中国体彩票app官方下载中国体彩票app官方下载拥有。

 

在符合交割惯例条件，并得到监管机构和股东批准的前提下，该交易预计将于2019年第四季度交割。

 

宝维斯律师事务所、方达律师事务所及美国凯易律师事务所担任此次交易中KKR的法律顾问。富而德律师事务所担任中国体彩票app官方下载中国体彩票app官方下载的法律顾问，德勤企业财务顾问有限公司担任中国体彩票app官方下载中国体彩票app官方下载的财务顾问。

 

KKR将通过其旗舰亚洲三期基金完成此次投资。中国是KKR亚太区域投资业务的核心，自2007年起，KKR已在中国投资超过45亿美元，致力于支持中国各行业的本土优秀企业发展成为行业领导者。KKR在北京、香港和上海设有办公室，为中国企业提供各类本土化的深度支持。

 

 

关于KKR

 

KKR是一家全球领先的投资机构，管理多种另类资产类别，包括私募股权投资、能源、基础设施、房地产和信贷，以及与战略合作伙伴管理对冲基金。KKR旨在通过长期且严谨的投资方式，凭借世界一流人才，与其被投企业共同创造价值，释放经济增长动力，从而为基金投资者获取可观的投资回报。KKR运用自有以及其为基金投资者管理的资金进行投资，并通过资本市场业务提供融资解决方案与投资机会。对KKR投资的描述可能包含KKR所发起的基金的业务活动。欲了解KKR & Co. L.P.（纽交所股份代号：KKR）的更多信息，请访问KKR官网www.kkr.com 及Twitter @KKR_Co。

 

 

关于中国体彩票app官方下载中国体彩票app官方下载

 

中国体彩票app官方下载中国体彩票app官方下载是中国领先的中国体彩票app官方下载解决方案提供商，致力于设计、开发、生产、营销并销售多种中国体彩票app官方下载产品，并重点关注节能中国体彩票app官方下载产品和健康中国体彩票app官方下载产品。目前，中国体彩票app官方下载中国体彩票app官方下载主要从事中国体彩票app官方下载产品和相关非中国体彩票app官方下载产品的设计、开发、生产、营销和销售，在中国市场和国际市场均有业务覆盖。公司业务按地理位置划分，包括中国的中国体彩票app官方下载业务、中国的非中国体彩票app官方下载业务、中国的原始设计制造商（ODM）业务和国际业务。交割完成后，中国体彩票app官方下载中国体彩票app官方下载将主要从事中国的非中国体彩票app官方下载业务、中国的原始设计制造商（ODM）业务和国际市场的中国体彩票app官方下载产品设计、开发、生产、营销和销售相关业务。

 

 

披露及附加信息

 

 

本新闻稿载有若干前瞻性陈述及资料，该等陈述及资料乃基于相关人士的信念、假设及现时所掌握的资料而作出。该等陈述反映出该等人士目前对未来事件及营运的观点，其中若干观点可能不会实现或可能会改变。该等陈述会受若干风险、不确定因素及假设的影响。阁下应特别注意，依赖任何前瞻性陈述涉及已知及未知风险及不确定因素。该等风险及不确定因素可能会影响前瞻性陈述的准确性。

 

 

投资者垂询：

 

中国体彩票app官方下载中国体彩票app官方下载投资者关系部门

 

+852-3970 2238

 

ir@nvc-lighting.com; nvclighting@wsfg.hk

 

 

KKR媒体垂询：

 

Anita Davis, +852 3602 7335

Anita.Davis@KKR.com

 

或

 

FTI Consulting

 

王迪, +86 21 2315 1138

 

kkrchina@fticonsulting.com

 

 

中国体彩票app官方下载中国体彩票app官方下载媒体垂询：

 

杜莹华

 

+86 133 1608 1476

 

Yinghua.du@nvc-lighting.com

 

或

 

皓天财经集团

 

黄善谦 +852 5318 1926

 

alicewong@wsfg.hk

 

 

 

 

KKR to Form Strategic Partnership with NVC Lighting and Acquire Majority Interest in NVC Lighting’s China Lighting Business

Contribution of KKR’s Resources and Operational Expertise Positions China Lighting Business for Continued Growth in the Domestic Chinese Market

NVC Lighting Will Own 30% of NVC Lighting’s China Lighting Business through Joint Venture with KKR

NVC Lighting Board Declares a Special Dividend not less than HK$0.9 per share to be Paid Upon Closing of the Transaction

 

 

HONG KONG, China – August 11, 2019 – Global investment firm KKR and NVC Lighting Holding Limited (“NVC Lighting” or the “Company”) (Stock Code:2222) today announced the signing of a Share Purchase Agreement under which KKR has agreed to set up a strategic partnership with NVC Lighting and acquire a majority interest in NVC Lighting’s China Lighting Business (“NVC China”) for a total equity value of approximately US$794mm.  Following the completion of the transaction, KKR will own 70% of NVC China and NVC Lighting will hold the remaining 30% and receive a cash consideration.  

 

 

NVC China is a leading lighting company in China, manufacturing, selling and distributing branded lighting products and providing lighting solutions to consumers and business clients through a robust distribution network across China.

 

 

 

Paul Yang, Member and Head of KKR Greater China, said, “China’s lighting market has experienced tremendous momentum over the past 20 years and continues to develop as technology advances and next generation products come online.  NVC China is an industry leader with an extensive distribution network, well-known brand name and strong product design capabilities.  We look forward to working together with NVC China’s talented management team to support their long-term growth plan, as well as contributing to the overall development of China’s lighting industry and deepening KKR’s commitment to the market.”

 

 

Wang Donglei, Chairman of the Board of NVC Lighting, said, “Our Board conducted a comprehensive sales process, assisted by financial and legal advisors.  We are pleased that this robust process has produced an outstanding outcome for our shareholders, who will maintain minority ownership in NVC China as well as full ownership of NVC Lighting’s international business and its non-lighting business in China, and receive a compelling cash consideration for their shares. We believe we have found a partner in KKR who shares our conviction in the opportunity for NVC China and will contribute resources and operational expertise to support the long-term development of the business.”

 

NVC China will continue to commit to the China market and focus on addressing the increasing demand of Chinese consumers and business clients for high-quality lighting products.  The support of KKR’s resources and operational expertise will enable the business to undertake a long-term growth strategy that is also supported by China’s ongoing consumption, industrial and commercial upgrades, as well as the promotion of environmental protection and energy conservation. These trends underpin healthy long-term sector growth for the lighting industry in China, and NVC China will invest in its business to ensure the NVC brand stays ahead as a technology and business model innovator.    

 

 

Transaction Details

 

 

In connection with the transaction, KKR and NVC Lighting are to form a Joint Venture whereby KKR will own 70% of NVC China and NVC Lighting will own the remaining 30%.  NVC Lighting will transfer 100% of NVC China to the Joint Venture co-owned by KKR and NVC Lighting.  NVC Lighting will also receive a cash consideration from the transaction.  The final settlement of payment is subject to certain adjustments and closing conditions. 

 

 

A Special Dividend not less than HK$0.9 per share will be declared by the Board of NVC Lighting and paid to the Company’s registered shareholders, subject to the approval and closing of the transaction.  NVC Lighting will convene an EGM for shareholders to approve the transaction and Special Dividend.

 

NVC Lighting’s non-lighting business in China, China ODM business and international business are not included in the transaction and will remain with NVC Lighting.

 

The transaction is expected to close in the fourth quarter of 2019, subject to customary closing conditions and regulatory and shareholder approvals.

 

Paul, Weiss, Rifkind, Wharton & Garrison LLP, Fangda Partners and Kirkland & Ellis acted as legal advisors to KKR. Freshfields Bruckhaus Deringer acted as legal advisor and Deloitte & Touche Corporate Finance Limited acted as financial advisor to NVC Lighting.

 

KKR is making this investment from its flagship Asian Fund III. China is a core focus within KKR’s Asia Pacific strategy, and the Firm has deployed more than US$4.5 billion since 2007 to build domestic champions into industry leaders. KKR delivers deep, local expertise to Chinese companies across various sectors through its offices in Beijing, Hong Kong, and Shanghai.

 

 

About KKR

 

 

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.

 

 

About NVC Lighting

 

NVC Lighting is a leading lighting solutions company in the PRC. It designs, develops, produces, markets and sells a variety of lighting products, with a strong focus on energy-saving and health-promoting lighting products. Currently NVC Lighting is principally engaged in the design, development, production, marketing and sales of lighting products and certain non-lighting products in both the PRC market and international market. The businesses, by geographical locations, include its lighting business in China, non-lighting business in China, China ODM business and international business. After the transaction, NVC Lighting will be primarily engaged in its non-lighting business in China, China ODM business and international business, which includes the design, development, production, marketing and sales of lighting products.

 

 

Disclosures and Additional Information

 

 

This press release contains certain forward-looking statements and information that are based on the beliefs of the relevant persons as well as assumptions made by and information currently available to such persons. Such statements reflect the current views of such persons with respect to future events and operations, some of which may not materialize or may change. These statements are subject to certain risks, uncertainties and assumptions. You are strongly cautioned that reliance on any forward-looking statements involves known and unknown risks and uncertainties. The risks and uncertainties could affect the accuracy of forward-looking statements.

 

 

Investors:

 

 

NVC Lighting IR Team

 

+852-3970 2238

 

ir@nvc-lighting.com; nvclighting@wsfg.hk

 

 

Media:

 

For KKR Asia Pacific:

Anita Davis, +852 3602 7335

Anita.Davis@KKR.com

 

Or

 

FTI Consulting (for KKR China)

Dee Wang, +86 21 2315 1138

 

kkrchina@fticonsulting.com

 

 

 

For NVC Lighting:

 

Du Yinghua, +86 133 1608 1476

 

Yinghua.du@nvc-lighting.com

 

Or

 

Wonderfulsky Financial Group (for NVC Hong Kong)

 

Alice Wong, +852 5318 1926

 

alicewong@wsfg.hk