The Gores Group sells medical laser maker Fotona to AGIC Capital

May 8, 2017
The Gores Group has entered into a definitive agreement to sell medical laser manufacturer Fotona Holdings to AGIC Capital.

The Gores Group (Beverly Hills, CA) has entered into a definitive agreement to sell medical laser manufacturer Fotona Holdings (Ljubljana, Slovenia) to AGIC Capital (Hong Kong), a European-Asian cross-border private equity firm focused on industrial technology and healthcare investments in Europe and the U.S. The Gores Group acquired Fotona in 2014 through its Small Capitalization Partners investment fund.

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Fotona, which manufactures lasers for medical, dental, and aesthetic applications, sells its systems through a network of 70+ worldwide distributors and through a direct salesforce in the U.S.

In January 2014, The Gores Group partnered with Jeff Jones, the founder of Fotona's U.S. product distributor, to acquire the company, with the goal of expanding both its product line and worldwide sales. With the support of The Gores Group, Fotona has since experienced significant growth in sales, profitability, and product offerings.

Because of AGIC Capital's focus on supporting sales and product expansion in Asia, and that Asia is one of Fotona's largest and most successful markets, the company should be well positioned for continued growth, according to Anthony Chirikos, principal of The Gores Group.

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We edited the content of this article, which was contributed by outside sources, to fit our style and substance requirements. (Editor’s Note: BioOptics World has folded as a brand and is now part of Laser Focus World, effective in 2022.)

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