Rainmaking reaches a milestone with Godt Syn exit

So far, the Scandinavian market for laser surgery has navigated its way through the financial crisis. In 2009 Godt Syn experienced a surprisingly strong demand, which has in some periods exceeded our capacity.

Around the year change of 2008/2009, the positive market situation combined with Godt Syn’s strong market position attracted the interest from the largest Scandinavian player in the industry.

It soon became clear, that especially one actor would gain a significant strategic advantage by acquiring Godt Syn and in the early spring of 2009 negotiations intensified with that specific actor. Negotiations were long and nerve wrecking but on May 14 the last contract was signed, which marked an important day in the short history of Rainmaking.

The exit of Godt Syn has given Rainmaking a financial robustness, which we did not anticipate this early on. At the same time it was proven, that with two exits in less than one year, we are able to follow our strategy, which is to create companies with a 3-5 year exit plan.

Naturally we pride ourselves by this but at the same time we stay humble to the many exciting challenges that lies ahead.

In regards to Godt Syn, the exit means that we can now offer the customers three times as many clinics to choose from. At the same time the quality of surgeons and experts has taken a tiger leap forward from an existing high level. As part of the earn-out-model, Rainmaking continues to head the company until late 2010, thus luckily we will stay close to our great colleagues in a future we look forward to with much anticipation.