AGIC Said to Sell Medical Laser Firm Fotona for $820 Million (1)

Aug. 20, 2021, 1:06 AM UTC

AGIC Capital, the private equity firm led by Chinese dealmaker Henry Cai, has agreed to sell a majority stake in Fotona d.o.o. that values the medical laser company at about 700 million euros ($820 million), according to people familiar with the matter.

London-based buyout firm Vitruvian Partners emerged as the buyer for the control of Fotona after beating out other contenders, the people said. AGIC will still have a minority stake in the medical laser firm after the deal, they added. An announcement could come as soon as this week, said the people, who asked not to be identified ...

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