Candela

Company Overview

Snapshot

Founded in July 2000, Candela operates with over 500 employees. The company was acquired by Apax Partners in July 2017, transitioning from a publicly traded entity to a private company.

Business overview

Candela is an aesthetic device company that develops and distributes a comprehensive portfolio of medical aesthetic applications. Its technology provides advanced solutions for a wide range of treatments, including body contouring, hair removal, wrinkle reduction, tattoo removal, women's intimate wellness, and the treatment of vascular and pigmented lesions, acne, leg veins, and cellulite. Candela serves markets globally with products such as UltraShape, VelaShape, GentleLase, VBeam Perfecta, PicoWay, CO2RE, CO2RE Intima, Profound, and els Plus, catering to both B2B and B2C segments within the Health Tech & Life Sciences sector.

Strategic signal

In October 2022, Candela Medical postponed its planned $250 million IPO. This decision indicates a strategic re-evaluation of market conditions or internal readiness for a public offering, signaling to investors a potential shift in the company's immediate financing strategy and a preference for private market options or a delay until more favorable conditions emerge.

Company Intelligence Q&A

When was Candela acquired by Apax Partners?

Candela was acquired by funds advised by Apax Partners in July 2017, transitioning from a public to a private company.

What was a significant acquisition made by Candela?

In September 2018, Candela acquired Ellipse, expanding its product portfolio and market reach in medical aesthetic devices.

Did Candela attempt an IPO recently?

In October 2022, Candela Medical postponed its planned $250 million IPO, indicating a delay in its public market debut.

What was a key product approval for Candela in Canada?

In June 2020, Candela announced Health Canada approval for two new gynecological indications for its CO2RE laser platform.

What strategic collaboration did Candela announce in January 2021?

In January 2021, Candela announced a commercial collaboration with Merz Aesthetics, focusing on expanding market presence and product offerings.