Report: PE firm CVC in talks to acquire Lumenis in deal worth up to $900m

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.

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