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TPG Capital to acquire Beaver-Visitec

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TPG Capital has entered into a definitive agreement with RoundTable Healthcare Partners to acquire Beaver-Visitec, according to a RoundTable press release.

The transaction will include brands of Beaver blades, Visitec cannulae and instruments, Merocel and Weck-Cel ophthalmic fluid management products, and Wet-Field Eraser electrosurgery products.

“RoundTable was invaluable in helping us execute on the vision of combining separate ophthalmic businesses into a well-run, global organization,” Tom Kapfer, CEO of Beaver-Visitec, said in the release. “We look forward to our new partnership with TPG and continuing to grow our business.”

The sale is expected to close in the third quarter. Terms of the agreement were not disclosed.