Private Equity Firm Baring Completes $1.2 Billion Lumenis Acquisition
In November, Calcalist reported the company signed an MoU for Lumenis’ acquisition from London-based XIO Group
Golan Hazani | 09:45 20.02.2020
Private equity firm Baring Private Equity Asia Ltd. has completed the acquisition of Israel-based medical and aesthetic laser company Lumenis Ltd., according to one person familiar with the matter who spoke to Calcalist on condition of anonymity. Calcalist has previously reported the deal was valued at $1.2 billion and both companies confirmed in November that they are negotiating an acquisition for over $1 billion. Founded in 1997, Baring has over $20 billion in assets under management. The firm is based in Hong Kong with a focus on Asia, one of Lumenis’ main markets alongside the U.S., Europe, and Latin America.