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BVI acquires PhysIOL Group

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Beaver-Visitec International will acquire the Belgium-based IOL company PhysIOL Group from TA Associates, BVI announced in a press release.

Backed by TPG Capital, the deal will close in the first quarter of 2019.

PhysIOL CEO Marc Nolet will keep a leadership role and join BVI’s board, the release said.

“The addition of PhysIOL marks an important step in BVI’s transformation into a comprehensive ophthalmic platform focused on providing unique solutions to our customers,” BVI President and CEO Dana G. Mead Jr. said in the release.

Financial details of the deal were not disclosed.