Investment firm Baring Private Equity Asia is considering a takeover of medical laser company Lumenis in a deal that could be worth more than $1 billion, according to a report by Bloomberg News.
The report is the latest news swirling about Lumenis, which was sold to the Hong-Kong-based XIO group in 2015 for approximately $510 million. A May 2018 report said that private equity firm CVC Capital Partners was in takeover talks for the Israel-based medical- and cosmetic-laser company.
The Bloomberg report cited people familiar with the matter and said the talks with Baring are private and ongoing. CVC Partners is now part of a consortium with Chinese private equity firm FountainVest Partners that remains interested in the buying Lumenis if the talks with Baring fizzle out, one source said.
Lumenis makes laser, intense-pulsed light and radiofrequency devices for surgical, ophthalmology and cosmetic uses.
Original Article: (https://www.massdevice.com/report-lumenis-could-sell-for-1b/)
