Philips Semiconductors Carve-out
“GPMIP showed a great ability to understand the business process drivers of a highly complex organization within a short timeframe. Worked very effectively and delivered good added value. ”
— Luc De Dobbeleer, Senior Vice President & Group Treasurer at Philips Semiconductors
Global PMI Partners managed the finance and treasury streams in the $7.2 bn Carve-out of Philips Semiconductors (renamed NXP), bought by KKR
Approach: Created a toolset to allow easy task monitoring; daily calls with all countries and regions concerned
Result: Timely delivery of the project, creation of new treasury structure and standalone in-house bank