AGIC acquires laser manufacturer Fotona

AGIC focuses primarily on technology and healthcare investments in Europe and the US. Fotona fits this profile as its lasers are manufactured for medical, dental and cosmetic surgery applications.

Fotona will use the new funding and local support from AGIC to expand its sales effort in Asia.

Previous funding
Fotona was acquired by US private equity firm Gores in 2014 using capital from its Small Capitalization Partners investment fund. The company has experienced significant growth in sales, profitability and product offerings since then, according to a statement.

Company
Founded in 1964, Fotona manufactures and sells high-grade medical lasers. It has a network of 70 distributors worldwide and a direct salesforce in the US. The company initially focused on defence and optical communications lasers but the focus has shifted to medical and dental over time.

People
AGIC – Anthony Chirikos (principal).
Gores Group – Victor Otley (managing director).
Fotona – Jeff Jones (CEO).

Advisers
Company – Jaffray & Co (M&A).

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• Topics
• Buyouts
• CEE
• Healthcare
• Slovenia
• The Gores Group
• Secondary buyout