OCL Vision Gains Boost with Strategic Investment from BGF

Deal News | Mar 03, 2025 | Business Growth Fund (BGF)

OCL Vision Gains Boost with Strategic Investment from BGF

Business Growth Fund (BGF) has finalized a substantial multimillion-pound investment in OCL Vision, a premium ophthalmology group. OCL Vision was established in 2018 by leading eye surgeons Ali Mearza, Allon Barsam, Romesh Angunawela, and later joined by Chien Wong. The company performs nearly 4,000 private procedures annually across its three sites. It plans further expansion across the UK, supported by the new funding to enhance marketing and sales. The company has shown double-digit patient growth and revenue in 2024, now staffed by 12 surgeons and 60 additional employees. OCL Vision provides elective and essential clinical procedures, and its quality is acknowledged, having won a Laing Buisson Award and being recognized by the Care Quality Commission. Led by new appointees CEO Nicholas Rudge, CFO Darren Millington, and Non-Executive Chair Suzanne Lawrence, the leadership is preparing to seize a significant market opportunity amidst trends in private medical insurance and self-pay markets. BGF’s involvement aims to leverage their expertise to support OCL Vision’s expansion strategy, led by their London investment team: Alistair Brew, Karolina Sokolowska, and Dylan Kaye.

Sectors

  • Healthcare
  • Private Equity

Geography

  • United Kingdom – OCL Vision is expanding across the UK, a primary market for its premium ophthalmology services, and BGF is a UK-based investment firm.

Industry

  • Healthcare – OCL Vision operates in the healthcare sector, specifically providing premium ophthalmology services.
  • Private Equity – BGF's investment in OCL Vision typifies activity in the private equity sector, enabling growth and expansion of portfolio companies.

Financials

    Participants

    NameRoleTypeDescription
    OCL VisionTarget CompanyCompanyA premium ophthalmology group in the UK, known for its exemplary clinical outcomes and recent rapid growth.
    Business Growth Fund (BGF)InvestorCompanyA major private equity firm providing growth capital investments to aid UK businesses.
    Ali MearzaFounderPersonOne of the founding surgeons of OCL Vision.
    Allon BarsamFounderPersonOne of the founding surgeons of OCL Vision.
    Romesh AngunawelaFounderPersonOne of the founding surgeons of OCL Vision.
    Chien WongFounderPersonA surgeon who joined OCL Vision after its founding.
    Nicholas RudgeCEOPersonRecently appointed CEO of OCL Vision with significant leadership experience.
    Darren MillingtonCFOPersonRecently appointed CFO of OCL Vision.
    Suzanne LawrenceNon-Executive ChairPersonAppointed Non-Executive Chair through BGF’s Talent Network.
    Alistair BrewInvestorPersonPart of BGF's London investment team involved in the transaction.
    Karolina SokolowskaInvestorPersonPart of BGF's London investment team involved in the transaction.
    Dylan KayeInvestorPersonPart of BGF's London investment team involved in the transaction.