IPG Photonics Acquires Innovative Laser Technologies from Generation Growth Capital for $40M

Luminar Technologies Acquires OptoGration Inc.

July 19, 2021

Manufacturing

Luminar Technologies has acquired its exclusive InGaAs photodetector design partner and specialized fabrication partner, OptoGration Inc., securing chip IP and production capacity to support series production of its Iris lidar sensor. The deal brings OptoGration’s founders into Luminar, secures roughly one million InGaAs chips per year capacity (expandable), and deepens integration with Luminar’s Black Forest Engineering assets to accelerate production and reduce costs.

Pfingsten Acquires Pacific Lasertec

September 6, 2023

Manufacturing

Pfingsten, an operationally focused private equity firm, acquired Pacific Lasertec, a San Marcos-based manufacturer of specialty lasers and related power supplies, as a new platform investment on August 25, 2023. Pfingsten said it will work with PLT's management team to scale the business organically and through strategic add-on acquisitions to build a leading photonics solutions provider serving medical diagnostics, semiconductor, scientific R&D and advanced manufacturing end markets.

Innovative Lab Services Acquires MLS Technologies

October 16, 2024

Healthcare Services

Innovative Lab Services LLC (ILS), a provider of analytical instrument maintenance and repair, has acquired MLS Technologies, Inc., an analytical instrument services and support company. The deal expands ILS's technical capabilities and geographic reach—adding multi‑OEM service coverage and a local presence in the Pacific Northwest—while MLS employees will transition to ILS.

IK Investment Partners Acquires LAP GmbH (LAP Laser)

June 18, 2019

Medical Devices

IK Investment Partners’ IK VIII Fund has agreed to acquire LAP GmbH Laser Applikationen (LAP), a German manufacturer of laser positioning systems and radiotherapy QA software, from capiton. LAP is headquartered in Lüneburg, Germany, employs about 350 people across three manufacturing sites, and the deal is intended to support LAP’s growth, expand its QA software offering and enter new application areas in radiotherapy and industrial markets.

Evolent Health Acquires IPG from TPG Growth for $375M

June 29, 2022

Healthcare Services

Evolent Health agreed to acquire IPG, a provider of surgical cost management solutions for musculoskeletal conditions, from TPG Growth for $375 million in cash plus up to $87 million of contingent consideration. The IPG platform will be integrated into Evolent’s New Century Health business to expand the company's value-based specialty care capabilities and add new payer and ambulatory surgery center relationships; the deal is expected to be immediately accretive to adjusted EBITDA.

TPG Growth Acquires Implantable Provider Group (IPG)

April 20, 2021

Healthcare Services

TPG Growth, the middle-market and growth equity platform of TPG, has acquired Implantable Provider Group, Inc. (IPG), a provider of surgical cost management solutions. The transaction represents an exit for Camden Partners (and acknowledges prior investor Sequoia Capital) and positions IPG to accelerate geographic expansion and scale its surgical cost-management and analytics platform.