M&A Deal Summary

Sino-Lite Acquires Light Instruments

On September 29, 2016, Sino-Lite acquired medical products company Light Instruments from Candela

Acquisition Highlights
  • This is Sino-Lite’s 1st transaction in the Medical Products sector.
  • This is Sino-Lite’s 1st transaction in Israel.

M&A Deal Summary

Date 2016-09-29
Target Light Instruments
Sector Medical Products
Buyer(s) Sino-Lite
Sellers(s) Candela
Deal Type Divestiture

Target

Light Instruments

Yokneam, Israel
Light Instruments Ltd. is a provider of next generation dental laser technology for hard and soft tissue treatments is famed for its flagship LiteTouch™ product.

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Buyer(S) 1

Buyer

Sino-Lite

Kfar Saba, Israel

Category Company
Sector Medical Products
DESCRIPTION

Sino-Lite Ltd. is specializes in the acquisitions, development and management of dental and medical companies worldwide. The company is backed by strong Chinese groups headed by Sino-Ita International Trading Company, headquartered in Beijing China, is the distributor of the Italian brand NewTom Cone Beam 3D Imaging in China and South East Asia. Sino-Ita is a whole solution provider covering the business of high end imaging equipment, high value consumable items, and high value services. Sino-Ita integrates the whole chain from research, sales to service.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Candela

Marlborough, Massachusetts, United States

Category Company
Founded 1970
Sector Medical Products
Revenue 278M USD (2015)
DESCRIPTION

Candela is a US-based global medical aesthetic device company. The company's technologies enable physicians to provide advanced energy-based solutions for a broad range of medical-aesthetic applications including benign vascular and pigmented lesions, scars, hair removal, facial resurfacing, wrinkle reduction, women's health treatments, tattoo removal, acne, leg veins, cellulite, and body shaping. Candela was formed in 1970 and is based in Marlborough, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Medical Products M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-20 New Star Lasers

Roseville, California, United States

CoolTouch, Inc develops, manufactures and markets the CoolTouch family of aesthetic devices. The CoolTouch family of products utilizes New Star Lasers' signature 1320 nm wavelength laser, along with other wavelengths and complementary technology, to address a variety of medical and aesthetic indications. The product family includes several laser console systems and associated single-use disposable hand pieces and accessories.

Buy $11M