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Syneron Candela in $400m Sale

Makers of elōs Plus with Motif laser hair removal system

syneron candelaIt has been announced this week that Syneron Candela, the manufacturer of laser hair removal equipment, aesthetic and medical laser treatment systems; is set to be sold to private equity company Apax Partners, in a deal valued at close to $400 million.

The deal has not been completed and is subject to approval by Syneron Candela shareholders. However Syneron Candela’s board of directors has given its unanimous approval to the sale.

Chairman and co-founder Shimon Eckhouse said:

“This acquisition is a strong recognition of Syneron Candela’s leadership in the aesthetic medical device market, its leading world-class technology and unique global footprint,”

“These exceptional assets are a result of the many years of hard work of our skillful and dedicated employees all over the world.”

“We are confident that Apax will add significant value and expertise as Syneron Candela executes on its growth strategy while delivering innovative technologies to our customers and patients. I also believe that this transaction represents a positive outcome for our shareholders.”

Apax Partners Private Equity

Steven Dyson, a partner at Apax and co-head of the fund’s healthcare division, welcomed the deal, mentioning the firm’s “exceptional” R&D capabilities and cutting-edge technology:

“We have identified the medical aesthetics market as a highly attractive investment area given its long-term growth prospects.”

“We are looking forward to partnering with the Syneron Candela team to continue its strong growth trajectory, and to seeing the even greater benefits it can deliver for customers and patients.”

elōs Plus with Motif

Bristol Laser Hair Removal

The elōs Plus with Motif laser hair removal system is available in Bristol at Quinn Clinics.

The advanced technology of Syneron Candela’s Elōs Plus with Motif makes laser hair removal treatment comfortable, fast and effective. The larger treatment area means that it is ideal for use on the body, making light work of larger areas such as legs, chests, shoulders and backs.

FREE LASER HAIR REMOVAL CONSULTATION – BRISTOL

If you would like to discover the benefits of laser hair removal for yourself, contact Quinn Clinics for a free of charge hair removal consultation.

68, Oakfield Road, Clifton, Bristol, BS8 2BG.
Telephone: 0117 924 4592

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