Friday, April 21, 2017

The Gores Group Sells Fotona

Los Angeles-based private equity investor The Gores Group announced very late Thursday evening that it has reached a definitive agreement to sell Fotona Holdings, a manufacturer of high performance lasers for the medical, dental, and aesthetic market, to AGIC Capital. Financial details of the sale were not announced. The Gores Group said it acquired Fotona in 2014, through its Small Capitalization Partners investment fund. Fotona, which is based in Europe, was founded in 1964. Fotona was advised by Piper Jaffray & Co. in the transaction.