M&A Deal Summary

Lutronic Acquires Cynosure

On January 19, 2024, Lutronic acquired medical products company Cynosure from CD&R

Acquisition Highlights
  • This is Lutronic’s 1st transaction in the Medical Products sector.
  • This is Lutronic’s 1st transaction in the United States.
  • This is Lutronic’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-01-19
Target Cynosure
Sector Medical Products
Buyer(s) Lutronic
Sellers(s) CD&R
Deal Type Merger
Advisor(s) Jefferies (Financial)
Weil Gotshal & Manges
Debevoise & Plimpton (Legal)

Target

Cynosure

Westford, Massachusetts, United States
Cynosure 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.

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Buyer(S) 1

Buyer

Lutronic

Billerica, Massachusetts, United States
Category Company
Founded 1997
Sector Medical Products
DESCRIPTION

Lutronic develops intelligent systems that are innovative, intuitive, dependable and effective to improve a physician’s ability to provide outstanding patient care. Lutronic was founded in 1997 and is based in Billerica, Massachusetts.

DEAL STATS #
Overall 1 of 1
Sector (Medical Products) 1 of 1
Type (Merger) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.

DEAL STATS #
Overall 44 of 45
Sector (Medical Products) 2 of 2
Type (Merger) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 34 of 35
Year (2024) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-13 Shearer’s Foods

Massillon, Ohio, United States

Shearer's Foods is a producer of high-quality seasoned snack foods and related products. Shearer's produces kettle chips. Shearer's Foods was formed in 1974 and is based in Massillon, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-31 Foundation Building Materials

Santa Ana, California, United States

Foundation Building Materials is a specialty building products distributor of gypsum wallboard, suspended ceiling systems, metal framing, insulation, and complementary products throughout North America. Foundation Building Materials was founded in 2011 and is based in Santa Ana, California.

Buy -
Mergr

Product

Company

Legal