TA Associates Buys 65% of Alma Lasers

Last year Deloitte ranked Alma the 20th Fastest Growing Technology Company in EMEA 500 list

Guy Grimland
Asaf Rothem
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Guy Grimland
Asaf Rothem

Private equity and buyout firm TA Associates last week bought 65% of Alma Lasers for $90 million. The deal for the developer, manufacturer and marketer of laser, light and radiofrequency-based systems valued Alma Lasers at $140 million.

Ziv Karni, CEO and president of Alma Lasers, told TheMarker that the investment process took months.

Alma Lasers makes products mainly for cosmetic treatments and depilation. Its devices also tackle skin pigmentation and cellulite.

The company has 40-50 agents worldwide as well as a subsidiary in the U.S., Karni says.

The Caesaria-based company's products include the 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, who is a laser physicist by trade, and Orion Lasers, a U.S. based laser distributor.

TA Associates was founded in 1968. It is among the biggest private equity funds in the world, with some $6 billion invested. Since its establishment, TA Associates has invested in 360 companies.