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Alma Lasers Cancels IPO

Alma Lasers Ltd., an Israel-based provider of laser, light and radiofrequency-based systems to the aesthetic medical market, has withdrawn registration for an $86.3 million IPO. No explanation was given. The company had planned on the Nasdaq, with UBS and Citi serving as co-lead underwriters.

TA Associates invested around $90 million to acquire a 73.3% stake in Alma Lasers back in March 2006.