Beaver-Visitec International (BVI), a leading developer, manufacturer and marketer of specialized surgical devices and custom procedure packs for the ophthalmic marketplace has signed on 20 December 2018 a definitive agreement to acquire PhysIOL Group SA.
Physiol is a Belgium-based ophthalmic company specializing in the research, development and manufacture of intraocular lenses (IOLs). The transaction, which was backed by TPG Capital, will allow BVI to expand its portfolio, furthering the company’s transformation into a fully-integrated, technology-enabled ophthalmic player. The BDO Belgium’s Transaction Services team, led by Alexander Veithen and Arnaud Lecrenier, performed the financial vendor due diligence on PhysIOL Group whereas BDO Belgium’s Tax team, led by Fabrice Grognard and Anne Belleflamme, performed tax vendor assistance work on the Belgian and French entities of the group.
More info on this transaction can be found here: https://www.businesswire.com/news/home/20181220005352/en/TPG-Capital-backs-BVI-Acquire-PhysIOL-Group