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Baring Private Equity Asia Nearing Acquisition of Medical Laser Company Lumenis, Report Says

Earlier this week, Bloomberg reported that the private equity firm is in exclusive talks with Lumenis’ owner XIO Group

CTech 12:4326.09.19
Private equity firm Baring Private Equity Asia Ltd. is nearing the acquisition of Israel-based medical and aesthetic laser company Lumenis Ltd., Bloomberg reported Monday. According to the report, Baring has entered an exclusive negotiation with Chinese affiliated, London-based private equity firm XIO Group—which acquired Lumenis in 2015 for a little over $500 million. According to Bloomberg, the deal could see Lumenis valued above $1 billion.


Lumenis develops minimally-invasive, laser-based treatments for the surgical, ophthalmological, and aesthetic markets.


In November 2018, Calcalist reported that British private equity firm CVC Capital Partners was on the brink of finalizing a deal to buy Lumenis, citing two people familiar with the deal. That deal, valued at just under $1 billion, has failed to materialize.


Lumenis CEO Tzipi Ozer-Armon. Photo: Zvika Tishler Lumenis CEO Tzipi Ozer-Armon. Photo: Zvika Tishler


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