M&A Deal Summary

Baring Private Equity Asia Acquires Lumenis

On November 19, 2019, private equity firm Baring Private Equity Asia acquired medical products company Lumenis from XIO Group for 1.0B USD

Acquisition Highlights
  • This is Baring Private Equity Asia’s 2nd transaction in the Medical Products sector.
  • This is Baring Private Equity Asia’s 8th largest (disclosed) transaction.
  • This is Baring Private Equity Asia’s 1st transaction in Israel.

M&A Deal Summary
Date 2019-11-19
Target Lumenis
Sector Medical Products
Buyer(s) Baring Private Equity Asia
Sellers(s) XIO Group
Deal Type Secondary Buyout
Deal Value 1.0B USD

Target

Lumenis

Yokneam, Israel
Lumenis Ltd. is a medical company for surgical, ophthalmology and aesthetic appliances & equipment. Lumenis was founded in 1991 and is based in Yokneam, Isreal.

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Buyer(S) 1

Buyer

Baring Private Equity Asia

Hong Kong, China

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Baring Private Equity Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. Baring Private Equity Asia was formed in 1997 and is based in Hong Kong.

DEAL STATS #
Overall 36 of 43
Sector (Medical Products) 2 of 3
Type (Secondary Buyout) 11 of 14
Country (Israel) 1 of 1
Year (2019) 3 of 3
Size (of disclosed) 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Acuon Capital

Seoul, South Korea

Acuon Capital Corp. is a consumer finance and leasing company. Acuon Capital Corp. is based in Seoul, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-04 Wall Street English

Hong Kong, China

Wall Street English is a provider of English language training to adults. Wall Street English was founded in 1972 and is based in Hong Kong, China.

Sell -

Seller(S) 1

SELLER

XIO Group

Investor Investor Investor

Category Asset Manager
Founded 2014
Size Large
Type Sector Agnostic
DESCRIPTION

Xio Group is an alternative investment firm focused on investing in and growing market-leading and high-performing businesses located across Europe and North America. The Firm looks to partner with management to help these companies expand into new markets, particularly China. Xio Group was formed in 2014 and is based in London.

DEAL STATS #
Overall 3 of 3
Sector (Medical Products) 1 of 1
Type (Secondary Buyout) 2 of 2
Country (Israel) 1 of 1
Year (2019) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-30 J.D. Power

Westlake Village, California, United States

J.D. Power is a marketing information services company providing performance improvement, social media, and customer satisfaction insights and solutions. J.D. Power was founded in 1968 and is based in Westlake Village, California.

Sell -
Mergr

Product

Company

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