Subject to standard fiduciary obligations, Dr. The Syneron Candela Board of Directors has unanimously approved the transaction. The transaction is subject to customary closing conditions, including Syneron Candela shareholder approval and the receipt of certain regulatory approvals. “We are looking forward to partnering with the Syneron Candela team to continue its strong growth trajectory, and to seeing the even greater benefits it can deliver for customers and patients”. “Syneron Candela is very well positioned to capture this opportunity, with its highly diversified geographic footprint, broad and market-leading products portfolio, exceptional R&D capabilities and cutting-edge technology. Steven Dyson, Partner and Co-Head of Healthcare at Apax Partners, commented: “We have identified the medical aesthetics market as a highly attractive investment area given its long-term growth prospects. Shimon Eckhouse, the co- founder and Chairman of Syneron Candela. I also believe that this transaction represents a positive outcome for our shareholders,” said Dr. “We are confident that Apax will add significant value and expertise as Syneron Candela executes on its growth strategy while delivering innovative technologies to our customers and patients. These exceptional assets are a result of the many years of hard work of our skillful and dedicated employees all over the world. “This acquisition is a strong recognition of Syneron Candela’s leadership in the aesthetic medical device market, its leading world-class technology and unique global footprint. The per share acquisition price represents a 15% premium to Syneron Candela’s 90-day volume-weighted average closing price through March 31, 2017, and a 33% premium to Syneron Candela’s 90-day volume-weighted average closing price through February 10, 2017, the last trading day prior to media speculation of a transaction with funds advised by Apax. This, in turn, produces an adequate amount of heat energy to destroy the hair follicle, resulting in permanent hair removal.An affiliate of funds advised by Apax Partners have agreed to acquire all of the outstanding shares of Syneron Medical, also known as Syneron Candela, for $11.00 per share in cash in a transaction valued at about $397m. The laser beam passes through the deeper layer of the skin and is absorbed in the hair follicle. The revolutionary design of this laser offers exceptional hair removal without downtime. How Does the Candela Syneron GentleMax Pro Laser Work? The laser’s design allows us to customize treatment according to your hair and skin color, hair texture and location on the body. The Candela Syneron GentleMax Pro laser can be used just about anywhere on the body – even sensitive areas such as the nipples, upper lip and bikini line can be treated easily. What Areas Can Be Treated With Laser Hair Removal? Because this laser can treat dozens of hairs with each pulse, it is possible to treat larger areas such as the back, shoulders, arms, legs and face. Unlike “hair-by-hair” treatments with electrolysis, the laser uses a wide beam which treats many hairs at once. We use the Candela Syneron GentleMax Pro, an ideal choice for those who are tired of the short-term results of shaving, trimming, or waxing and would love a longer-term solution.
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