Deals
Lumenis, Maker of Cosmetic Surgery Gear, Sold for $120 Million
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A group of investors led by Shlomo Dovrat and Harel Beit-On agreed to buy control of Lumenis Ltd., an Israeli maker of laser equipment used in cosmetic surgery that was delisted from the Nasdaq stock market, for $120 million.
Dovrat, Beit-On, Avi Zeevi and the Ofer Brothers Group are buying 75 percent of the company after reaching an agreement with Bank Hapoalim Ltd., to which Lumenis owes $190 million, they said today in an e-mailed statement. Hapoalim will dismiss part of the debt and cut the interest rate on the rest, the statement said.