Avista Capital Partners’ €305 Million Joint Acquisition Of Vision Healthcare

Ropes & Gray advised Avista Capital Partners on the deal.

Avista Capital Partners, a leading New York-based private equity firm, executed its joint acquisition with VHC Investco of Vision Healthcare, one of Europe’s fastest-growing omni-channel and direct-to-consumer healthcare companies.

The deal, which announced on 29 May, values Vision at an aggregate value of EUR 305 million, inclusive of contingent payments.

Vision Consumer Health is a Belgium-based consumer healthcare platform with sales and operations across continental Europe. The company has the ambition to become a leading global omni-channel consumer healthcare platform, with a unique digitized D2C approach. Founded in 2017, Vision has grown rapidly into a company today with over c. EUR 135m of sales, through a combination of a successful buy-and-build strategy and strong organic growth in its direct-to-consumer businesses.

Ropes & Gray advised Avista Capital Partners with a team led by private equity transactions partner Helen Croke (Picture), based in London. Other members of the team included finance partner Alex Robb, antitrust partner Ruchit Patel and tax partner Brenda Coleman, alongside private equity associates Laura Kayani, Electra Callan, Eamon Gallagher, finance associates Pinar Celebi, Margareta Chlubnova, antitrust associate Vincenzo Volpe, tax associate Chris Agnoli and trainee Moose Sarfraz.

Involved fees earner: Chris Agnoli – Ropes & Gray; Electra Callan – Ropes & Gray; Pinar Celebi – Ropes & Gray; Margareta Chlubnova – Ropes & Gray; Brenda Coleman – Ropes & Gray; Helen Croke – Ropes & Gray; Eamon Gallagher – Ropes & Gray; Laura Kayani – Ropes & Gray; Ruchit Patel – Ropes & Gray; Alexander Robb – Ropes & Gray; Vincenzo Volpe – Ropes & Gray;

Law Firms: Ropes & Gray;

Clients: Avista Capital Partners;