M&A Deal Summary

Cynosure Acquires Palomar Medical Technologies

On March 18, 2013, Cynosure acquired medical products company Palomar Medical Technologies for 294M USD

Acquisition Highlights
  • This is Cynosure’s 5th transaction in the Medical Products sector.
  • This is Cynosure’s largest (disclosed) transaction.
  • This is Cynosure’s 3rd transaction in the United States.
  • This is Cynosure’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2013-03-18
Target Palomar Medical Technologies
Sector Medical Products
Buyer(s) Cynosure
Deal Type Add-on Acquisition
Deal Value 294M USD
Advisor(s) Canaccord Genuity Corp. (Financial)
Wilmer Cutler Pickering Hale and Dorr LLP (Legal)

Target

Palomar Medical Technologies

Burlington, Massachusetts, United States
website
Palomar designs, produces and sells the most advanced cosmetic lasers and intense pulsed light (IPL) systems to dramatically improve the appearance of women's and men's skin.

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Buyer(S) 1

Buyer

Cynosure

Westford, Massachusetts, United States

website


Category Company
Founded 1991
Sector Medical Products
Employees857
Revenue 433M USD (2016)
DESCRIPTION

Cynosure, Inc. is a developer and marketer of aesthetic treatment systems that are used by physicians and other practitioners to perform non-invasive and minimally invasive procedures to remove hair, treat vascular and pigmented lesions, rejuvenate the skin, liquefy and remove unwanted fat through laser lipolysis and temporarily reduce the appearance of cellulite. Cynosure was founded in 1991 and is based in Westford, Massachusetts.


DEAL STATS #
Overall 5 of 7
Sector (Medical Products) 5 of 6
Type (Add-on Acquisition) 2 of 4
State (Massachusetts) 1 of 1
Country (United States) 3 of 5
Year (2013) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-05 The PinPointe FootLaser

United States

The PinPointe FootLaser is the world's first FDA cleared light-based device for the treatment of Onychomycosis (toenail fungus), a condition that affects approximately 36 million people in the United States and an estimated 10 percent of the population worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-08 Ellman International

Oceanside, New York, United States

Ellman International is a privately-held manufacturer of surgical devices used to perform medical, dental and veterinary procedures in the United States, Europe and Asia.

Buy $13M