Lead partners Jan Willem Hoevers and Arne Grimme: “It is a special moment for us, advising Philips on this IPO. It is the end of an era, but also the beginning of a new one. Exactly 125 years after it was founded, Philips will start a new chapter. And for De Brauw, Philips’ legal advisors from the very beginning, it is a privilege and a pleasure to be part of Philips’ future and to assist the company in this transition”.
According to Philips Chief Executive Frans van Houten, separately listed companies Philips and Philips Lighting will be better equipped to focus on innovation, entrepreneurship and long-term growth. Lighting Chief Executive Eric Rondolat added that the new company will be committed to further expanding its global position in the general lighting market, driving the transition to LED and connected lighting systems and services.