Ropes & Gray Advises TPG On Third Surgical Eye Tools Maker Acquisition
International law firm Ropes & Gray has advised TPG Capital and its portfolio company, Beaver-Visitec International, a leading global developer, manufacturer, and marketer of specialized surgical devices for the ophthalmic marketplace, on the acquisition of Vitreq, a Dutch ophthalmic technology company.
Headquartered in Netherlands, Vitreq develops and manufactures high-quality, innovative products for the ophthalmic industry. With a special focus on vitreoretinal surgery, Vitreq’s team of in-house R&D, engineering, and manufacturing professionals collaborate with renowned surgeons to create a portfolio of state-of-the-art minimally-invasive instruments designed to match the demands of today’s surgical environment.
The Ropes & Gray team was led by private equity partner John Newton, in London, assisted by associate Minh-Chau Le. Nauta Dutilh advised on the Dutch aspects of the deal. The Nauta Dutilh team was led by Ruud Smits.
The deal, which was announced on July 12 for an undisclosed sum, follows the acquisition by TPG Capital of Beaver-Visitec International in July 2016 and the acquisition of Malosa Medical, a leading manufacturer and supplier of single-use surgical instruments, primarily for use in the field of ophthalmology, in April 2017. Ropes & Gray also advised on these deals.