6/3/2019, 7:21 AM (Source: TeleTrader)
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Goldman to buy optometry manager for $2.7B - report

Goldman Sachs Inc.'s merchant-banking unit reached an acquisition deal with Capital Vision Services LP, the managing firm of MyEyeDr. optometry, the Wall Street Journal reported on Monday, citing people with knowledge on the matter. The deal is valued at approximately $2.7 billion, including debt, and the two sides are set to announce it on Monday, the report indicated.

Capital Vision is currently owned by Canadian pension fund Caisse de depot et placement du Quebec and private equity firm Atlas Partners LP. The company works with independent optometry practices under MyEyeDr. by providing financial, marketing, and accounting support, as well as human resources and claims processing assistance.

Atlas Partners bought Capital Vision for $775 million. It is based in Toronto and currently manages over $6 billion worth of assets. Goldman's merchant-banking unit deals with equity and credit investments mostly in corporate and real estate sectors.

Breaking the News / SS