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

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.