UK - 3i acquires Ultralase in £174.5m buyout
3i has signed an agreement to acquire Ultralase, a company which offers laser correction for vision, for ТЃ174.5m from CorporaciУГn DermoestУЉtica, a Spain-based medical aesthetic business.
Ultralase, with a head office and financial centre in Leeds, currently operates 17 eye laser clinics across the UK (including Nottingham, Edinburgh, Manchester, Birmingham, Liverpool, Bristol and Cardiff) and 3i’s investment will allow the company to continue its expansion across the UK, with 4 new clinic openings planned for 2008, including Maidstone and Southampton. In addition, Ultralase is planning to open a number of consultation rooms across the UK during 2008.
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