TA Associates, a leading private equity and buyout firm, last week announced it completed a $90 million investment in Alma Lasers, an Israeli developer, manufacturer and marketer of laser, light and radiofrequency-based systems. The 65 percent acquisition of Alma Lasers shares reflects a market value of almost $140 million.
Ziv Karni, CEO and President of Alma Lasers, told TheMarker, "If you do it right, it seems it can be done. The sale took several months." He added, "We have products in the aesthetic medical market for hair removal, pigmentation and cellulite reduction - one of the company?s engines of growth." Karni said the company has 40-50 agents worldwide as well as a subsidiary in the U.S. The Caesaria-based company's products include the flagship multi-application Harmony platform, which the U.S. Food and Drug Administration approved for over 60 applications.Last June, Deloitte ranked Alma Lasers the 20th Fastest Growing Technology Company on its Fast 500 list for Europe, the Middle East and Africa (EMEA).
Alma Lasers resulted from the merger of two laser companies, Israel-based MSQ, founded by Karni, a veteran laser physicist, and Orion Lasers, a U.S. based laser distributor.