AGIC Capital Acquires European Medical Laser Maker Fotona

AGIC Capital, an Asia-Europe cross-border growth equity firm founded by former Deutsche Bank executive Henry Cai, has acquired Fotona, a European manufacturer of high performance lasers for medical, dental and aesthetic applications.

Financial details were not disclosed.

AGIC acquired 100% of Fotona, which it bought from The Gores Group, an investment firm headquartered in Los Angeles.

"Fotona has seen exceptional growth in Europe and the U.S., its largest market, and has a strong track record for delivering innovative product lines," said Sam Sun, managing director and head of Greater China for AGIC. "China is now the fastest growing market for medical and aesthetic lasers and with our support, the business will be well positioned to become a leading brand across Asia."

AGIC plans to help Fotona to accelerate its growth in Ch...

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