Chinese company Fosun International is buying Alma Lasers from private equity firm TA Associates for $220 million.

Alma Lasers, headquartered in Buffalo Grove, Ill., manufactures cosmetic lasers that are used for skin resurfacing, acne treatment and tattoo removal. 

Shanghai-based Fosun is a private holding company that has $12.5 billion in assets under management.

TA Associates, headquartered in Boston, invested in Alma Lasers in 2006. The firm’s portfolio companies include CyOptics Inc., Dutch LLC and Zadig & Voltaire.  In March, the company planned to invest in Nintex Group with Updata Partners, and in January it completed its majority investment in Dutch. 

Harris Williams & Co. was Alma Laser’s financial adviser for the deal, which closed May 27.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.