AGIC Capital Announces Acquisition of Fotona

AGIC Capital Announces Acquisition of Fotona
21. April 2017 qfact
  • AGIC acquires Fotona, a European manufacturer of high performance lasers for medical, dental and aesthetic applications
  • First investment by AGIC in the healthcare sector and follows successful acquisitions of Gimatic and the KraussMaffei Group in 2016
  • AGIC’s investment will accelerate Fotona’s growth in Asia, in particular China

(London and Hong Kong; 21 April, 2017) AGIC Capital (“AGIC”), the leading European-Asian private equity firm focused on European and US investments in high-growth sectors, announced the acquisition of Fotona, a European manufacturer of high performance lasers for medical, dental and aesthetic applications.

AGIC will receive full ownership of the business, which it has acquired from The Gores Group, a global operationally oriented investment firm headquartered in Los Angeles.

Fotona, which was founded in 1964, is now one of the leading brands of medical, dental and aesthetic laser applications across Europe and the United States. With the investment and management support from AGIC, Fotona will be able to maintain its leading position across the United States and Europe and accelerate its growth in Asia, in particular China – its fastest growing market.

Sam Sun, Managing Director and Head of Greater China for AGIC commented:
‘‘Fotona has seen exceptional growth in Europe and the US, its largest market, and has a strong track record for delivering innovative product lines. China is now the fastest growing market for medical and aesthetic lasers and with our support, the business will be well positioned to become a leading brand across Asia. AGIC was able to leverage its global expertise and resources to acquire a deep understanding of Fotona’s business and effectively execute on the transaction. The investment in Fotona further demonstrates how AGIC, working with existing management, can provide the financing and expertise to enhance the value of fast growing companies with global aspirations.”

Jeff Jones, CEO of Fotona added:
“Fotona has experienced strong growth in recent years. Through AGIC’s investment and market expertise in Europe and Asia, we can accelerate our strategy and tap into the growing global demand for ultra performance medical lasers and energy based devices. Most importantly with our talented team, we will go even further to be become the leading global brand with our customers and continue to deliver the innovative products that we are known for.”

AGIC’s investment will allow Fotona to accelerate its growth in China through increased focus and resource on Sales & Marketing, expanding the distribution network and obtaining regulatory clearances.

AGIC is the first European-Asian buyout investor focused on European and US mid-market companies in high growth industries. AGIC continuously evaluates options to support its portfolio companies including sourcing better financing solutions, driving organic and inorganic growth, delivering operational efficiencies, and leveraging synergies accross its complementary portfolio of companies. The acquisition of Fotona is AGIC’s third investment.

For more information, please contact AGIC@finsbury.com

London Vanderman: +44 7824 472 501
Hong Kong Ben Richardson: +852 6011 6658
Sheena Shah: +852 9542 9855


About AGIC Capital

AGIC Capital (“AGIC”) is a European-Asian private equity fund, which focuses on investment in fast growing companies in Europe and the US. It invests in companies concentrating on industrial productivity & production efficiency, enable new applications & manufacturing methods and drive innovation for industrial products & solutions. Investment opportunities focus on five industry sectors: (1) intelligent production, (2) high-end systems and components, (3) advanced materials, (4) medical equipment and (5) environmental protection technologies. The fund supports its portfolio companies in the execution of their buy-and-build strategies, organic growth initiatives and operating improvements. AGIC strongly supports the concept of investing with a business purpose and working closely with the top management of its companies. The firm has closed its Fund I, its debut fund, in December 2016 with US$1 billion successfully raised and is managed by seasoned investment professionals out of its offices in Munich, Beijing, Shanghai, Hong Kong, and London (as of Q1 2017).

For more information: www.agic-group.com

About Fotona

Fotona is a world-leading medical laser company recognised for its innovative, award-winning laser systems for applications in aesthetics & dermatology, dentistry, surgery and gynecology. Based in Europe and the US, Fotona’s global distribution network spans across more than 60 countries, ensuring comprehensive support and service for Fotona laser users, including clinical training, workshops and practical hands-on demonstrations. The company manufactures and tests all of its laser systems in-house, ensuring that each system is of the highest quality, reliability, ease-of-use and durability, in compliance with all applicable international standards.

For more information: www.fotona.com