Private equity firm CVC Capital Partners is considering a take over of medical laser company Lumenis in a deal that could be worth up to $900 million, according to a report from CTech.
The two parties are reportedly in advanced negotiations that would put the Israel-based medical and cosmetic laser biz under new ownership.
Lumenis was sold to the Hong-Kong-based XIO group in 2015 for approximately $510 million.
In January, reports emerged that XIO was looking to sell the company, according to CTech, with some claiming that the company was engaged in a lawsuit with a Chinese billionaire who alleged he funded the 2015 acquisition.
CVC Capital Partners is the largest private equity firm in Europe, according to the report, and manages more than $64.5 billion in assets.