Global alternative asset manager The Carlyle Group has entered into a deal to sell its 30 per cent stake in Saudi Arabia-based General Lighting Company (GLC) to Royal Philips.
Shareholders Alliance Holding and
General Lighting Company (GLC), a Saudi Arabian company part-owned by private equity firm Carlyle Group, has acquired Malaysia's largest lighting fixture manufacturer, Davex, in a deal worth about $60 million, GLC said.
GLC, a lea
More than 275 entrepreneurs from all over the world are taking part in the Global Leadership Conference (GLC), opening in Bahrain today (May 24).
The three-day event, organised by the Bahraini Chapter of the Entrepreneurs' Organisation (EO