After bagging Philips unit, China fund says to seek more deals

April 1, 2015 10:46 AM

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HONG KONG, April 1 (Reuters) - Chinese investment fund GO Scale Capital will use its $2.8 billion winning bid for Philips's lighting unit as a model to pursue other potential takeovers in areas such as biomedicine and clean energy, its executives said on Wednesday.

Beijing-based GO Scale has roped in well-connected China Internet and green technology investors, such as GSR Ventures and billionaire solar magnate Cheng Kin Ming. U.S-based Oak Investment Partners is also a backer of the fund.

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