TPG Capital is adding to its $8 billion-plus health care portfolio by acquiring Beaver-Visitec International, maker of eye surgery devices, from RoundTable Healthcare Partners. The deal is expected to close in the third quarter; terms of the transaction were not disclosed.
Beaver-Visitec International—also known as BVI—develops, makes and markets specialized surgical devices for ophthalmologists. BVI was created in 2010 when RoundTable combined three ophthalmic product businesses from Becton Dickinson, Medtronic, and Aspen Surgical. BVI is based in Waltham, Massachusetts, with manufacturing plants in Waltham and Bidford on Avon, U.K. Its products include blades, cannulae, ophthalmic fluid management products and electrosurgery devices.