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BVI Acquires Ophthalmic Company PhysIOL from TA Associates

March 07, 2019

London – Paul Hastings LLP, a leading global law firm, has advised Barings Global Advisers Limited, a leading global investment management firm, in respect of the second lien financing supporting the acquisition of PhysIOL Group SA by BVI (Beaver-Visitec International).  BVI is an existing portfolio company of TPG Capital.  PhysIOL was sold to BVI by European private equity sponsor, TA Associates.   

BVI is a leading developer, manufacturer, and marketer of specialised surgical devices and custom procedure packs for the ophthalmic marketplace.  PhysIOL is a Belgium-based ophthalmic company specialising in the research, development, and manufacture of intraocular lenses (IOLs). 

A cross-border Paul Hastings team was led by London finance partner Richard Kitchen, with finance partners Bill Brady and Scott Colton assisting from New York.  Other members of the team included tax partner David Makso (New York) and senior tax associate Jiten Tank (London), together with associates Alon Blitz, Tammy Davies, Ludovico Giannotti and Sandra Rubinchik.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.