Deal Snapshot
HVHC, CENTERBRIDGE PARTNERS CLOSE ON DEAL COMBINING VISION BUSINESSES
Wednesday 06 December 2017

US-based private equity firm Centerbridge Partners, L.P. and US-based health insurer Highmark Inc.'s HVHC Inc. subsidiary have closed on a multifaceted transaction announced on 9 August, the companies said.
Upon closing, Davis Vision was combined with Superior Vision, Centerbridge's existing managed vision care portfolio company, with Highmark now owning a minority interest in the combined managed vision care business. In a separate transaction, Centerbridge acquired a minority equity stake in Visionworks, HVHC's optical retail subsidiary. Highmark continues to retain a controlling ownership interest in Visionworks.


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Details
Date Published: 06/12/2017
Target: Davis Vision/majority stake
Country: USA
Sector: Healthcare
Type: LBO
Financing:
Status: Closed
Vendor: Highmark/ HVHC
Buyer: Centerbridge Partners
Buyer Advisor: Barclays , Macquarie Capital , Willkie Farr and Gallagher
Comment:
Davis Vision was combined with Superior Vision, Centerbridge´s existing managed vision care portfolio company.

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