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| > | On March 21, 2022, EMZ Partners (“EMZ”), along with the founding family and management team, has signed a definitive agreement to acquire the majority of FotoFinder Systems GmbH (“FotoFinder”), a leading provider of skin visualization technology and AI-software for early skin cancer detection. |
| > | Co-founder and main shareholder Rudolf Mayer withdraws from his shareholding position and entrusts the future success of FotoFinder to co-founder Andreas Mayer, further Mayer family members as well as selected management team members. The successful closing took place on April 28, 2022. |
| > | Aquin acted as the sole M&A advisor to the sellers. |
Strategic Logic
| > | As the number of skin cancer cases continues to rise globally, so too does the need for accurate skin screening technologies made possible by state-of-the-art software. FotoFinder covers the high-end segment of skin visualization technology, and is pursuing attractive growth options including further international expansion in highly regulated med-tech markets to be achieved through a stronger focus on high-end solutions (e.g. ATBM Master) together with their world-leading proprietary AI technology. In addition to the core market of early skin cancer detection, the adjacent medical aesthetics market is to be addressed. |
| > | The significant (re-)investment of all existing family shareholders as well as broader management team members clearly underlines the promising outlook of the company and firm belief in continuous future success. |
FotoFinder Systems GmbH
| > | The family-run business, FotoFinder Systems GmbH, has been developing medical imaging systems for dermatologists, dermatology clinics, hospitals, screening centers and research institutes since 1991. |
| > | It specializes in skin imaging for early skin cancer detection. The products sold combine proprietary AI-based software with industry-leading Automated Total Body Mapping (ATBM) capabilities as well as video dermoscopy devices, forming integrated system solutions for skin imaging. |
| > | FotoFinder, headquartered in Bad Birnbach (Bavaria, GER) has its core market in Germany and the DACH region. Subsidiaries in Italy, UK and the U.S., as well as a global partner network support the company’s worldwide presence, serving clients in more than 90 countries. |
EMZ Partners
| > | EMZ, a leading European investment firm, acts as a partner for medium-sized companies and their respective management teams. Its activities focus on investments in the DACH region as well as France with a clear intention to operate and support founders, family shareholders and managers. |
| > | The core of EMZ’s philosophy is a significant reinvestment of the management team to create a mutual partnership as shareholders. |
| > | EMZ is majority-owned by its own employees and has a base of European institutional investors. The current fund has a volume of more than €1.0 billion and its investment size ranges from €10 to €150 million. |