Sr. Project Manager -Philips Group Mergers, Acquisitions And Divestments
Amsterdam, Noord-Holland, Nl
Lead divestments of non-strategic or unprofitable assets. Cross sector role encompassing Healthcare, Lighting and Consumer Lifestyle businesses.In addition to all typical M&A related activities like Performing Valuations, target searches, Due Diligence, negotiation/deal making, contracting etc. a big part of the role was to carve the business out of Philips and put it standalone at deal closing. Involves liasing of all core and non core business functions ranging from Finance, HRM, IT, SCM, Purchasing, Legal, Fiscal, Treasury, Real Estate, IP&S, Corporate Communication etc.★ Disentangled and divested a 1.5 B € consumer electronics business (Philips Audio and Video) spread over 50 global locations with over 1800 employees.★ Handled disentanglement program for a Lighting industrial site in Germany with 300 FTE’s and sales of € 30M, relieving significant margin pressure on Philips automotive post- divestiture.