Cleary Gottlieb is representing Hahn & Company in connection with the definitive merger agreement with Cynosure and its sponsor-owner Clayton Dubilier & Rice for a strategic combination of Cynosure and Lutronic Corporation, a Hahn & Co. portfolio company.
The transaction was announced on January 19, 2024, and is expected to close in the first quarter of 2024, subject to the receipt of required regulatory approvals and other customary closing conditions.
Both Cynosure and Lutronic are global providers of energy-based medical aesthetic devices and related technologies.
Hahn & Co. is a leading South Korean private equity firm, and Lutronic is a global leader in the development of intelligent laser and energy-based systems.
Cynosure is a leading provider of medical aesthetic treatment systems that enable dermatologists, plastic surgeons, medical spas, and other healthcare practitioners to perform non-invasive and minimally invasive procedures.