The Gores Group and Technology4Medicine Agree to Acquire a Controlling Stake in Fotona (CEE and CIS)
Source: The Gores Group, Reuters | Author: Almir Demirovic
Global investment firm The Gores Group and medical laser company Technology4Medincine have entered into an agreement to acquire a controlling interest in Slovenia state-owned-asset Fotona, a developer of medical and military laser gear. The Gores Group, structured through its Small Capitalization Partners fund, and Technology4Medicine will privatize the company for a reported EUR18 million (approximately US$24.6 million). This will be the second public company Slovenia has sold from a list of 15 assets slated for privatization. The transaction is subject to regulatory approvals and customary conditions, and is expected to close in the first quarter of 2014.