Xio might sell Lumenis to CVC for 1 billion dollars

Private equity XIO is seeking to sell Lumenis, Israel-based medical devices producer for plastic surgery. Xio acquired Lumenis in 2015 for $520m and its value has almost doubled to $1bn three years after the acquisition.

The Israeli company boasts a large product portfolio, ranging from low-energy lasers to surgery tools for opthalmology, which generated total sales of $400m (2017).

Some prospective buyers have already been reported, the most likely being private equity CVC.

(Source: Globe)