LOS ANGELES & LJUBLJANA, Slovenia -- (BUSINESS WIRE) -- The Gores Group, a leading Los Angeles-based investment firm, and Technology4Medicine, LLC today announced they entered into an agreement to acquire a controlling interest in Fotona d.d., a Ljubljana, Slovenia, manufacturer of high performance lasers for medical, dental and aesthetic applications. The Gores Group will invest through its Small Capitalization Partners investment fund. Closing under the agreement is subject to regulatory approvals and customary conditions, and is expected to occur in the first quarter of 2014.
“We are convinced the acquisition ideally positions Fotona for success. The foundation of the partnership will benefit our employees and customers, and contribute to the long-term ability of the business to both technically innovate and expand,” said Dr. Matjaž Lukač, CEO of Fotona.
Jeffrey W. Jones, CEO of T4Med, said, “Under the leadership of Dr. Matjaž Lukač, Fotona produces a premier laser technology for aesthetic, medical and dental applications. We believe the combination of our businesses, with financial support from The Gores Group, is an exciting opportunity. We expect the customers and dealers around the world to greatly benefit from this event.”
“The Gores Group is pleased to have the opportunity to partner with T4Med in the privatization of Fotona,” said Victor C. Otley, Managing Director for The Gores Group. “We look forward to providing both operational and strategic expertise to the team led by Jeff Jones and Matjaž Lukač, in support of their mission to become the premier worldwide provider of medical and dental lasers.
About Fotona d.d.
Headquartered in Ljubljana, Slovenia, and founded in 1964, Fotona’s state-of-the-art research and development facilities serve to meet the needs of the fast-changing market and set new standards of excellence for medical and non-medical high-performance laser systems. Fotona's advanced laser technologies make treatments in areas such as aesthetics and dermatology, dentistry, surgery and gynecology faster, less invasive and more effective. Patented solutions in pulse technology, energy feedback control and optical solutions for producing an almost perfectly homogeneous beam profile are highly appreciated by doctors and patients alike. Fotona manufactures all of its laser systems in Ljubljana, and its products are available to dental and medical professionals through a worldwide network of distributors. More information is available at www.fotona.com.
About The Gores Group, LLC
The Gores Group, LLC is a global investment firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm's operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. The Gores Group, which was founded in 1987 by Alec E. Gores, has become a leading investor having demonstrated over time a reliable track record of creating substantial value in its portfolio companies alongside management. Headquartered in Los Angeles, The Gores Group maintains offices in Boulder, CO, and London. For more information, please visit www.gores.com.