XIO Group $510 million acquisition of Lumenis

Overview:

• XIO Group has acquired Lumenis for $510 million.
• The deal will see XIO pay $14 per share.
• Lumenis is an medical tech company focused on energy-based (laser) technologies.
• The financing consisted of a term loan, revolving loan, and a bridge loan provided by Bank Mizrahi.
• Goldman Sachs acted as financial adviser to Lumenis. Morgan Stanley acted as financial adviser to XIO Group.
• In Israel XIO was advised by legacy firm Zellermayer, the partners involved were Dani Toledano and Sarit Moussayoff who now work at Erdinast Ben Nathan and M Firon respectively.

Sam Duke - Editor