TPG Capital is to acquire Beaver-Visitec International, a global developer, manufacturer, and marketer of specialized surgical devices for the ophthalmic marketplace, for an undisclosed amount.
The sale – from RoundTable Healthcare Partners – is expected to close during the third quarter.
Created in 2010 through the combination of three separate ophthalmic product businesses from Becton Dickinson, Medtronic, and Aspen Surgical, BVI operates two manufacturing plants in Waltham, MA and Bidford, U.K.
Led by Tom Kapfer, Chief Executive Officer, the company offers Beaver® blades, Visitec® cannulae and instruments, Merocel® and Weck-Cel® ophthalmic fluid management products, and Wet-Field Eraser® electrosurgery products.
These products, which serve a wide variety of ophthalmic surgeries, including cataract, refractive, oculoplastic, and vitreoretinal sub-specialty procedures, are distributed in over 90 countries worldwide.