WaveLight Laser Technologie AG

Munich-based investment fund BayTech Venture Capital Beratungs GmbH has invested EUR 2.1m in WaveLight Laser Technologie AG. The commitment is BayTech's first investment in a quoted company. The funding comprises around 10% of WaveLights previous share capital.

Company

WaveLight Laser Technologie AG was founded in 1996 and has been quoted on the Neuer Markt since 1999. In the financial year 2001/2002 the company accounted for a turnover of EUR 37.7m and EBIT of EUR 2.4m. The company's management expects a rise in turnover of 25% in the financial year underway. WaveLight supplying laser systems used in refractive chirurgic surgery. The laser systems are also used for applications in ophthalmology, aesthetics and urology as well as for industrial use.

People

Dr Jochen Walter and Christof Lenz coordinated the transaction on behalf of BayTech Venture Capital. Max Reindl is chairman of the company's supervisory board.

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