M&A Deal Summary

Vitruvian Partners Acquires Fotona

On August 24, 2021, private equity firm Vitruvian Partners acquired medical products company Fotona from AGIC Capital

Acquisition Highlights
  • This is Vitruvian Partners’ 1st transaction in the Medical Products sector.
  • This is Vitruvian Partners’ 1st transaction in Slovenia.

M&A Deal Summary

Date 2021-08-24
Target Fotona
Sector Medical Products
Buyer(s) Vitruvian Partners
Sellers(s) AGIC Capital
Deal Type Secondary Buyout

Target

Fotona

Ljubljana, Slovenia
Fotona is a manufacturer of high-performance lasers for medical, dental, and aesthetic applications. The company sells these systems through a network of 70+ worldwide distributors and through a direct sales force in the United States. Fotona was established in 1964 and is headquartered in Ljubljana, Slovenia.

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Buyer(S) 1

Buyer

Vitruvian Partners

London, United Kingdom

Category Private Equity Firm
Founded 2006
PE ASSETS 20.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Vitruvian Partners is an independent private equity firm that specializes in middle-market buyouts, growth buyouts and growth capital investments in the UK and elsewhere in Northern Europe. Vitruvian looks for companies that are 'operating in dynamic situations, where there is an opportunity to build strategic value'. The Group's target investment size is €40 to €600 million in transactions valued between €75m to €4bn. Sectors of interest include business services, consumer services, financial services, life science, healthcare services, media, technology, communications, and internet software. Vitruvian Partners was formed in 2006 and is based in London.


DEAL STATS #
Overall 50 of 69
Sector: Medical Products M&A 1 of 2
Type: Secondary Buyout M&A Deals 11 of 17
Country: Slovenia M&A 1 of 1
Year: 2021 M&A 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 Carasent

Oslo, Norway

Carasent provides cloud based electronic health record solutions to the health care industry in Sweden, Norway, and internationally. Carasent was founded in 1997 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-21 Dental Monitoring

Paris, France

Dental Monitoring is a provider of healthcare development monitoring solution in orthodontic care. Dental Monitoring was founded in 2014 and is based in Paris, France.

Buy -

Seller(S) 1

SELLER

AGIC Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 2.2B USD
Size Large
Type Sector Focused
DESCRIPTION

AGIC Capital (aka Asia Germany Industrial Promotion Capital) is a private equity group focused on industrial and medical technology investments in Europe. The Firm's specific areas of interest include (1) intelligent production, (2) high-end systems and components, (3) advanced materials, (4) medical equipment, and (5) environmental protection technologies. AGIC Capital was formed in 2015 and has offices in Shanghai, Hong Kong, Beijing, London, and Munich.


DEAL STATS #
Overall 2 of 3
Sector: Medical Products M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
Country: Slovenia M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Pibond

Espoo, Finland

Pibond provides lithography materials such as SiBARC, SOC and spin-on-dielectrics for EUV and advanced nodes in semiconductors manufacturing. Pibond was founded in 2014 and is based in Espoo, Finland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-19 Grafotronic

Landskrona, Sweden

Grafotronic is a manufacturer of roll-to-roll automated manufacturing solutions. Grafotronic develops highly distinctive modular solutions for the digital label finishing and EV battery markets. Grafotronic was founded in 2004 and is based in Landskrona, Sweden.

Buy -