Avista Capital Partners, VHC Investco Acquire Vision Healthcare NV
Healthcare private equity investor Avista Capital has partnered with VCH Investco to buy Vision Healthcare NV, a Belgium-based consumer healthcare platform with sales and operations across continental Europe. Vision owns and markets a large branded portfolio of self-care and over-the-counter products.
Thompson Dean, Co-CEO of Avista Capital Partners, said: “We are excited to partner with Yvan Vindevogel and the Vision team. Avista will be a strong partner for Vision, providing operational guidance and financial resources, and leveraging our experience in the consumer healthcare sector to further propel the company towards its goal of becoming a leading omni-channel and direct-to-consumer healthcare company. We believe Vision is well-positioned in a growing consumer healthcare sector that has demonstrated resiliency in these unprecedented times. Avista stands ready to make further investments to support the company’s growth plans.”
Avista and VHC Investco/Management will each hold a 50% ownership interest in Vision. The transaction values Vision at an aggregate value of €305 million (approximately $336 million), inclusive of contingent payments. The transaction is subject to customary competition authority review and is expected to close later this year.
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