BPE Unternehmensbeteiligungen G.m.b.H. has sold Domilens Beteiligungs GmbH to Polytech Ophthalmologie Beteiligungs GmbH

Lincoln International represents funds advised by BPE Unternehmensbeteiligungen G.m.b.H. (“BPE”) and Management in the sale of Domilens Beteiligungs GmbH (“Domilens”) to Polytech Ophthalmologie Beteiligungs GmbH, majority-owned by private equity firm Odewald KMU Gesellschaft fr Beteiligungen mbH (“Odewald KMU”)

Domilens and Polytech Group are two dynamic companies with excellent market position, strong brand names and complementary product offerings. Both companies will benefit significantly from the newly formed partnership. The from BPE installed MBI candidate and previous managing director of Domilens, Mr Andreas von Loessl, will remain minority shareholder and will jointly manage the group together with the former managing directors of Polytech, Mr Frank Skowronek and Dr. Walter Schwab.

Domilens, which was founded in Hamburg in 1987, is the leading independent medtech distributor in the German ophthalmic surgery sector and innovative service provider in all matters concerning an ophthalmological practice or clinic. The product portfolio encompasses inter alia intraocular lenses, phaco machines, viscosurgical devices and saline solutions. As full-service provider in the ophthalmic surgery sector, Domilens covers all requirements of ophthalmic surgeons for more than 25 years. This includes both a comprehensive product range for cataract and refractive surgery including state-of-the-art OP equipment as well as products for vitrectomy and glaucoma surgery. A broad and innovative range of services combined with highest levels of availability and service quality support the surgeon in being successful. In March 2010, BPE acquired Domilens from listed STAAR Surgical, Monrovia (CA), USA, in the form of a combined management buyout/-in and had a lasting effect on the long-term positioning as leading distributor and service provider in the eye surgery segment.

With this transaction, the future Polytech-Domilens Group becomes the largest manufacturer independent distributor and service provider in the European ophthalmic surgery sector and realizes an important strategic step in the development of both companies. One of the joint aims is to develop and enhance the product and service offering in order to seize the opportunities for further growth in Germany and Europe. Odewald KMU will continue to pursue its strategy of exploiting buy-and-build opportunities.

After the successful development with BPE, Im very pleased to have found a new experienced partner in Odewald KMU and Polytech with similar long-term strategic goals and values. Together, we will be able to develop new growth potentials and expand our successful business model. said Mr Andreas von Loessl, managing director of Domilens. Through the combination of Polytech and Domilens we will be able to take another major step for the further strategic orientation of our companies. Jointly we will be able to intensify our sales activities and optimize the product portfolio. This is excellent news to all of us and especially the employees of Polytech and Domilens as well as our customers and suppliers. Mr Frank Skowronek, managing director of Polytech, added.

Polytech and Domilens are superbly managed companies with leading market positions. We are absolutely delighted to bring together these two companies in order to better exploit the future growth potentials. Mr Heiko Arnold, partner at Odewald KMU, emphasised.

Lincoln was mandated by the shareholders of DFH as exclusive M&A advisor for the sales process. The terms of the transaction were not disclosed.

About BPE

BPE is a Hamburg, Germany based private equity firm specializing in the financing of management-buyout and -buyin transactions of German mid-market companies in the context of succession arrangements and corporate spin-offs since its foundation in 1998.

About Odewald

Odewald is a leading German independent and partner-managed private equity group focusing on high-growth, medium-sized companies in Germany, Austria and Switzerland. Since its foundation in 1997, Odewald invested more than Euro 1 billion equity in Germany. As an entrepreneurial private equity partner, Odewald generally acquires majority interests in profitable SMEs with strong growth potentials. Odewald KMU was established at the end of 2008, and is a Euro 150 million capital fund and invests in high-growth SMEs generating sales of up to Euro 100 million. Odewald KMU has already invested in 5 more companies apart from Polytech and Domilens.

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