Baring Private Equity Asia, a private equity firm, completed the acquisition of Lumenis, a provider of speciality energy-based medical devices, from XIO. The transaction values Lumenis at an enterprise value of over $1bn. The transaction was subject to the customary regulatory approval process. "BPEA's investment is a tremendous vote of confidence in Lumenis and in the achievements of our entire global organization. In recent years, we have developed and introduced multiple groundbreaking technological solutions that have redefined our industry and opened entirely new market segments. I would like to thank the entire Lumenis team, I am truly proud of all we have accomplished and honored to lead a company on the cutting edge of healthcare innovation, committed to improving the lives of people across the world. We look forward to partnering with the team at BPEA to continue developing and delivering to the world better technology for better patient care," Tzipi Ozer-Armon, Lumenis CEO.