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.