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Gores Group agrees deal for Slovenian medical laser developer Fotona

3 Feb 2014

Fotona laserLA-based private equity firm The Gores Group has teamed up with Technology4Medicine to pick up a controlling stake in Slovenian medical laser manufacturer Fotona.

The agreed deal will see Gores invest using its Small Capitalization Partners fund. The transaction is expected to be completed within the first quarter.

Gores Group managing director Victor Otley said, “The Gores Group is pleased to have the opportunity to partner with T4Med in the privatization of Fotona.

“We look forward to providing both operational and strategic expertise to the team led by Jeff Jones and Matjaž Lukač, in support of their mission to become the premier worldwide provider of medical and dental lasers.”

Last year Gores Group completed the acquisition of GE Healthcare Strategic Sourcing from GE Healthcare.

GE Healthcare Strategic Sourcing provides electronic billing and electronic medical records outsourcing to healthcare companies.

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