News

BVI Acquires Ophthalmic Company PhysIOL from TA Associates

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

, 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.