Cardiff-based corporate finance boutique Gambit has advised on the Spanish acquisition of laser eye surgery specialist Eye Hospitals Group in a deal that could be worth nearly 拢20m.
Gambit acted for Spanish firm Clinica Baviera, which is listed on the Madrid Stock Market, on its acquisition with has seen an initial consideration of 拢10m which could rise to more than 拢19m based on future trading performance.
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The Eye Hospitals Group, which operates under the its Optimax and Ultralase brands, has a clinic in Cardiff which offers specialised vision correction services, addressing conditions such as short-sightedness, long-sightedness, astigmatism and presbyopia.
Optimax was one of the of the first private clinics in the 海角视频 to offer laser eye surgery.
Cl铆nica Baviera, has a current market capitalisation of more than 拢250m. The acquisition represents its first move into the 海角视频 marketplace and forms part of a Europe-wide organic and acquisition growth strategy.
Optimax, the Eye Hospitals Group鈥檚 biggest brand, currently has 19 clinics located in key cities throughout the 海角视频 from which it provides refractive surgery services and other ophthalmological treatments, assisted by a team of more than 130 personnel, with revenues of around 拢14.5m.
Gambit Corporate Finance, led by partners Frank Holmes and Sam Forman, assisted Clinica Baviera with the negotiation of the deal value, structure and transaction process.
Eduardo Baviera, Co-founder and chief executive of Clinica Baviera, said 鈥淲e are excited in entering the 海角视频 market in order to continue with Clinica Baviera鈥檚 strategic growth plans. The Opimax brand is well respected and the pioneer of laser eye surgery in the 海角视频. I would like to thank Gambit Corporate Finance for its support in executing and managing the cross-border transaction.鈥
Mr Holmes said: 鈥淚t has been a pleasure to work with the Clinica Baviera team and assist it accessing the 海角视频 ophthalmic market via this strategic acquisition which will serve as the platform for future growth and geographic expansion.
"Our ability to engage across borders has become a key attraction for clients entering the 海角视频 or in the opposite direction selling and acquiring companies overseas鈥
Mr Forman added 鈥淭his is an important strategic acquisition for Clinica Baviera and adds to its existing market leading positions in Spain, Germany and Italy. As part of CFI (Corporate Finance International), this acquisition demonstrates the value Gambit can add in accessing targets and buyers on a global basis.鈥
