The Gores Group and Technology4Medicine to Acquire Fotona d.d., a manufacturer of high performance lasers for medical application
LOS ANGELES, CA, and LJUBLJANA, SLOVENIA, January 30, 2014 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, customers and contribute to the long term ability of the business to both technically innovate and expand, said Dr. Matja Luka?, CEO of Fotona.
Jeffrey W. Jones, CEO of T4Med said, Under the leadership of Dr. Matja Luka?, 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 Matja Luka?, in support of their mission to become the premier worldwide provider of medical and dental lasers.
Source: Press Release on www.gores.com