Vitruvian’s Acquisition of Majority Interest in Fotona Group

Kirkland & Ellis and Elvinger Hoss Prussen advised Vitruvian Partners on the deal.

London-based international private equity firm Vitruvian Partners LLP announced the acquisition of Fotona Holdings (Netherlands) B.V. (Fotona) from European-Asian private equity firm AGIC Capital (AGIC) for an undisclosed amount. AGIC will reinvest alongside Vitruvian and continue to support Fotona and its management team with their international growth story.

Fotona is a leading medical laser focused EBD company. It develops, manufactures and distributes market-leading medical laser systems and other EBDs with product lines covering aesthetics, dental, and gynaecology applications. Fotona currently serves a global customer base through a direct sales force in the US and China complemented by distributors covering over 65 countries worldwide.

Vitruvian is an international private equity firm that specializes in growth capital and growth buyout investments globally. The firm was established in 2007 and has c. €10.0 billion of assets under management. It is headquartered in London, with other global offices in Munich, Stockholm, Luxembourg, San Francisco and Shanghai.

Founded in 2015, AGIC is focused on investments in advanced industrial and medical technology companies and has more than US$2.0 bn of assets under management. It has offices in Hong Kong, Munich, London, Shanghai and Beijing.

The Kirkland team was led by corporate partners Aneeq Durrani (Picture) and Roger Johnson, debt finance partners Kirsteen Nicol and Alexander van der Gaag and tax partners Mavnick Nerwal and Andrew Douglas, along with associates Syed Murshed, Carmella Crinnion and Andrea Jekkels.

The team of Elvinger Hoss Prussen, led by partner Patrick Santer, assisted by associates Etienne Weryha and Nicolas Gilbert, advised on the corporate and finance aspects of the acquisition.

Involved fees earner: Nicolas Gilbert – Elvinger Hoss Prussen; Patrick Santer – Elvinger Hoss Prussen; Etienne Weryha – Elvinger Hoss Prussen; Carmella Crinnion – Kirkland & Ellis; Aneeq Durrani – Kirkland & Ellis; Andrea Jekkels – Kirkland & Ellis; Roger Johnson – Kirkland & Ellis; Syed Murshed – Kirkland & Ellis; Mavnick Nerwal – Kirkland & Ellis; Kirsteen Nicol – Kirkland & Ellis; Alexander van der Gaag – Kirkland & Ellis; Andrew Douglas – Ropes & Gray;

Law Firms: Elvinger Hoss Prussen; Kirkland & Ellis; Ropes & Gray;

Clients: Vitruvian Partners;