Investment firm Baring Private Equity Asia is considering a takeover of medical laser company Lumenis in a deal that could be worth more than $1 billion, according to a report by Bloomberg News. The report is the latest news swirling about Lumenis, which was sold to the Hong-Kong-based XIO group in 2015 for approximately $510 […]
Xio Group
Lumenis shareholders approve $510m XIO take over
Lumenis shareholders approved the company’s $510 million sale to Hong Kong-based XIO group, according to an SEC filing posted yesterday. Lumenis makes energy-based medical devices for surgical, ophthalmological and aesthetic applications. Yokneam, Israel-based Lumenis will become a wholly-owned subsidiary of an Israel-based company that is indirectly wholly-owned by XIO, according to the SEC filing. In June, Lumenis […]
Hong Kong’s Xio to pay $510m for Lumenis
Lumenis (NSDQ:LMNS) said today that it agreed to a $510 million acquisition bid from a Hong Kong-based “alternative investments” shop. Yokneam, Israel-based Lumenis, which raised $75 million in an initial public offering last year, was said in February to be in talks about a buyout by Chinese conglomerate Fosun for nearly $500 million. Today Lumenis said Xio Group put […]