Another private equity firm, this time out of Asia, is said to be in the running for a $1 billion takeover of Israeli medical laser maker Lumenis.
In 2018 another PE shop, CVC Capital Partners, was reportedly mulling a $900 million takeover of Lumenis, which was sold to the Hong-Kong-based XIO group in 2015 for about $510 million. Now Baring Private Equity Asia is reportedly in exclusive talks to buy Lumenis.
The deal would value the company at more than $1 billion, according to Bloomberg, citing “people familiar with the matter.”
A consortium of CVC Capital Partners and Chinese private equity firm FountainVest Partners is still interested if the Baring talks founder, one of the people told the news service. Other bidders include Boston Scientific (NYSE:BSX), Warburg Pincus and an arm of state-owned Sinopharm, Bloomberg reported.