Optegra Sold to EssilorLuxottica by MidEuropa with White & Case as Advisor
Deal News | Jun 02, 2025 | White & Case LLP
White & Case LLP, a global law firm, has provided legal advisory services to MidEuropa on its sale of Optegra, a premier European ophthalmology platform, to EssilorLuxottica. MidEuropa had initially acquired Optegra in 2022 and has since observed significant growth in the company. Partner Ken Barry expressed satisfaction in partnering again with MidEuropa, noting the firm's capability in advising clients at each phase of their investment strategies. The transaction is noted amidst active, albeit challenging, market conditions in the life sciences and healthcare sectors, areas in which White & Case claims substantial experience and expertise. MidEuropa, recognized as Central Europe's largest private equity firm, boasts a track record of over 20 years in successful investments, managing assets exceeding 6 billion euros and supporting 44 businesses. Optegra, established in 2007 and a specialized provider of ophthalmic services, operates 70 hospitals across several European countries, having completed over a million eye procedures. The advisory team from White & Case London was spearheaded by partners Ken Barry and Joe Bradley, supplemented by several associates.
Sectors
- Private Equity
- Healthcare
- Legal Services
Geography
- Europe – Optegra operates across the UK, Czechia, Poland, Slovakia, and Holland, indicating the company's widespread presence in Europe.
- Central Europe – MidEuropa is recognized as Central Europe's largest private equity firm, indicating its primary geographical focus.
Industry
- Private Equity – MidEuropa, a private equity firm, has been involved in the acquisition and sale of Optegra, illustrating typical activities and investment lifecycle in private equity.
- Healthcare – Optegra operates in the healthcare industry, specifically in the provision of ophthalmic services, making this sector relevant to the article.
- Legal Services – White & Case LLP's role as an advisor highlights the involvement of legal services in managing and executing significant transactions.
Financials
- Over 6 billion euros – Assets under management by MidEuropa.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| MidEuropa | Selling Company (Vendor) | Company | Central Europe's largest private equity firm, managing over 6 billion euros in assets and having supported 44 businesses. |
| Optegra | Target Company | Company | A specialized provider of ophthalmic services across Europe, with over one million eye procedures completed. |
| EssilorLuxottica | Bidding Company (Buyer) | Company | A multinational ophthalmic optics company acquiring Optegra. |
| White & Case LLP | Legal Advisor | Company | A global law firm advising MidEuropa on the acquisition and sale of Optegra. |
| Ken Barry | Partner and Deal Co-Lead | Person | Partner at White & Case LLP, co-leading the advisory team for the transaction. |
| Joe Bradley | Partner and Deal Co-Lead | Person | Partner at White & Case LLP, co-leading the advisory team for the transaction. |