Primary Analysis: Philips Domestic Appliances €850M SSNs Underpinned by Strong Cash Generation, Substantial Equity Cushion, Recognized Brand; Concerns Over Execution Risks From Carve-Out, China Transformation, Reliance on Time Limited Brand Licenses -
![Philips divests its Domestic Appliances business to Hillhouse Capital in a total deal value of ~€4.4B | Valuespectrum.com Philips divests its Domestic Appliances business to Hillhouse Capital in a total deal value of ~€4.4B | Valuespectrum.com](https://www.valuespectrum.com/system/img/apr21/philips-financials.jpg)
Philips divests its Domestic Appliances business to Hillhouse Capital in a total deal value of ~€4.4B | Valuespectrum.com
![Philips completes sale of Domestic Appliances business to Hillhouse Investment | HealthCare Middle East & Africa Magazine Philips completes sale of Domestic Appliances business to Hillhouse Investment | HealthCare Middle East & Africa Magazine](https://www.healthcaremea.com/wp-content/uploads/2021/09/philips-1.jpg)
Philips completes sale of Domestic Appliances business to Hillhouse Investment | HealthCare Middle East & Africa Magazine
![Philips Domestic Appliances Purificatore d'aria serie 1000-Pulisce ambienti fino a 78m²-Rimuove il 99,97% di polline, allergie, polvere e fumo-Ultra silenzioso e basso consumo energetico-AC1711/10 : Amazon.it: Casa e cucina Philips Domestic Appliances Purificatore d'aria serie 1000-Pulisce ambienti fino a 78m²-Rimuove il 99,97% di polline, allergie, polvere e fumo-Ultra silenzioso e basso consumo energetico-AC1711/10 : Amazon.it: Casa e cucina](https://m.media-amazon.com/images/I/61hNxEHPtfL.jpg)
Philips Domestic Appliances Purificatore d'aria serie 1000-Pulisce ambienti fino a 78m²-Rimuove il 99,97% di polline, allergie, polvere e fumo-Ultra silenzioso e basso consumo energetico-AC1711/10 : Amazon.it: Casa e cucina
![Philips divests its Domestic Appliances business to Hillhouse Capital in a total deal value of ~€4.4B | Valuespectrum.com Philips divests its Domestic Appliances business to Hillhouse Capital in a total deal value of ~€4.4B | Valuespectrum.com](https://www.valuespectrum.com/system/img/apr21/philips-prices.jpg)
Philips divests its Domestic Appliances business to Hillhouse Capital in a total deal value of ~€4.4B | Valuespectrum.com
![Time limit of 50% discount Philips to sell Domestic Appliances business - News, philips kitchen appliances Time limit of 50% discount Philips to sell Domestic Appliances business - News, philips kitchen appliances](https://mma.prnewswire.com/media/1722071/Smart_Home_Appliances_Market.jpg?p=facebook)