|Ron Labrum Named Chairman of Beaver-Visitec International’s Board of Directors|
Experienced Healthcare Executive to Oversee Continued Growth of Leading Ophthalmology Platform
TPG Capital Successfully Completes Acquisition of BVI
Fort Worth, Texas and San Francisco, August 22, 2016 – TPG Capital, the North American- and European-focused private equity platform of leading global alternative asset firm TPG, today announced that Ron Labrum has been appointed Chairman of the Board of Beaver-Visitec International ("BVI"). The appointment comes alongside the close of TPG's acquisition of BVI, a leading global developer, manufacturer, and marketer of specialized surgical devices for the ophthalmic marketplace. The previously-announced transaction was agreed to in July of this year.
About TPGTPG is a leading global private investment firm founded in 1992 with over $70 billion of assets under management and offices in Austin, Beijing, Dallas, Fort Worth, Hong Kong, Houston, Istanbul, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Singapore, and Tokyo. TPG's investment platforms are across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of their portfolio. For more information, visit www.tpg.com.
About Beaver-Visitec International, Inc.Headquartered in Waltham, Massachusetts, USA, Beaver-Visitec International develops, manufactures and markets ophthalmic and other specialty microsurgical products. Beaver-Visitec distributes products in over 90 countries worldwide and operates manufacturing facilities in Waltham, MA, USA and Bidford on Avon, U.K. Beaver-Visitec offers products and services for all aspects of Ophthalmic Surgery, including cataract, refractive, oculoplastic, and vitreoretinal sub-specialties as well as other specialty microsurgery procedures. More information about Beaver-Visitec International can be found at www.beaver-visitec.com.