Fotona Acquisition, Valuation, Funding & Investors

Fotona was acquired by Vitruvian Partners for $826M in August 2021.

Fotona acquisition price

$826M

Acquired by Vitruvian Partners ยท Aug 2021

Cumulative funding Fotona raised

$500K

across 1 funding round

Fotona Overview

About Fotona

Fotona is a manufacturer of high-performance laser systems for medical and dental applications. Its products cover aesthetics, dermatology, dentistry, surgery, and gynecology, featuring patented pulse technology, energy feedback control, and homogeneous beam profiles. All systems assemble in Ljubljana, Slovenia, with distribution through a global network. Founded in 1964, the company exports to professionals worldwide.


Founded

1964

HQ

SloveniaLjubljana

Website

fotona.com

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$826M (acquired Aug 2021)

Fotona Acquisition

Fotona was acquired by Vitruvian Partners for $826M on 25 August 2021.

Before the acquisition Fotona had raised $500K across 1 funding round.

Vitruvian Partners, a London-based private equity firm, agreed in August 2021 to acquire a majority stake in Fotona from AGIC Capital, which had owned the company since 2017. The deal was signed through Fotona Holdings (Netherlands) B.V. and announced on 24 August 2021; the parties did not disclose the price, but Bloomberg reported that the transaction valued Fotona at about EUR 700 million. AGIC reinvested for a minority stake and the existing management team stayed in place. Fotona, based in Ljubljana, makes medical and aesthetic laser systems for dentistry, dermatology, gynaecology and surgery and sells in about 60 countries. Vitruvian said it planned to accelerate Fotona's international expansion, in particular in China.

Fotona acquisition details
AcquirerDateTypePrice
  • Vitruvian Partners
25 Aug 2021PE buyout$826M

Sources: agic-group.com, kirkland.com, elvingerhoss.lu, bloomberg.com, necenzurirano.si, necenzurirano.si

Fotona Funding History

Fotona has raised a total of $500K across 1 funding round.

Fotona funding rounds

Fotona funding rounds
DateStageRaised
Nov 2014Pre-seed$500K

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Fotona Competitors

Fotona competitors include listed companies like LifeTech Scientific and Shanghai Haohai, and private ones like Carestream, Umoja Biopharma, RefleXion Medical and Ankon Medical Technologies.

Public and private companies comparable to Fotona
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CarestreamChinaShanghaiPrivate--$800M-
Umoja BiopharmaUnited StatesSeattle, WAPrivate--$800M-
RefleXion MedicalUnited StatesSan Francisco, CAPrivate--$786M-
Ankon Medical TechnologiesChinaWuhanPrivate--$870M-
LifeTech ScientificChinaChinaPublicly listed$204M$37M$771M-
Shanghai HaohaiChinaChinaPublicly listed$365M$59M$889M1.8x

Fotona Public Comps

Fotona is no longer listed, but its public comps include Advanced Medical Solutions Group, Anteris Technologies US, Kuros Biosciences, InMode, SI-BONE, MedCap, Xvivo Perfusion, Bioventus, Dynavox Group and Synektik.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Advanced Medical Solutions Group$307M$59M3.0x2.9x15.7x12.9x
Anteris Technologies US$2M($93M)296.6x100.5x(6.1x)(5.0x)
Kuros Biosciences$146M$9M5.7x4.4x96.7x35.1x
InMode$370M$86M0.9x0.9x4.0x4.4x
SI-BONE$201M($17M)3.5x3.2x(42.5x)60.3x
MedCap$215M$48M3.8x3.4x17.2x15.1x
Xvivo Perfusion$83M$11M9.4x7.9x73.0x38.4x
Bioventus$568M$99M2.0x1.9x11.4x9.4x

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Common questions about Fotona

When was Fotona founded?Fotona was founded in 1964.
Where is Fotona headquartered?Fotona is headquartered in Ljubljana, Slovenia.
Is Fotona publicly listed?No, Fotona was acquired by Vitruvian Partners in August 2021.
Who acquired Fotona?Fotona was acquired by Vitruvian Partners in August 2021.
How much was Fotona acquired for?Fotona was acquired for $826M in August 2021.
How much funding has Fotona raised?Fotona has raised $500K across 1 funding round.
What was Fotona's last funding round?Fotona's last funding round was a $500K pre-seed round in November 2014.
Which companies are comparable to Fotona?Companies comparable to Fotona include Carestream, Umoja Biopharma, RefleXion Medical, Ankon Medical Technologies, LifeTech Scientific and Shanghai Haohai.

See companies similar to Fotona

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