Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Report: Philips Frontrunner to Buy Saeco
Apr 9, 2009
 Printable format
 Email this Article
 Search

Philips NV is in pole position to buy Italian coffee machine maker Saeco, which is owned by private equity firm Pai Partners, according to an unconfirmed report.

"There are talks open with different potential (buyers of Saeco control), but Philips is the most advanced in the due diligence," the report said. A second source said there are at least three possible buyers carrying out due diligence.

Philips declined to comment.

In the last few weeks media reports have spoken of other possible buyers such as Germany's WMF, France's SEB, Italy's N&W Vending, which is controlled by Barclays Private Equity and Investcorp, and Sweden's Electrolux.

Italy's De Longhi, also mentioned in reports, is "absolutely not interested", a third source said. The UK's Change Capital fund in a tie-up with Sergio Zappella, Saeco's former owner, is seen as another possible contender, along with various private equity groups, the reports said.

Back to Daily News

 

Daily News

...........................................................

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

Dec 19, 2014: Strong North American PCB Order Growth in October

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows