M&A Deal Summary

Bausch & Lomb Acquires Acufocus

On January 17, 2023, Bausch & Lomb acquired medical products company Acufocus from The Carlyle Group and KKR

Acquisition Highlights
  • This is Bausch & Lomb’s 3rd transaction in the Medical Products sector.
  • This is Bausch & Lomb’s 3rd transaction in the United States.
  • This is Bausch & Lomb’s 2nd transaction in California.

M&A Deal Summary

Date 2023-01-17
Target Acufocus
Sector Medical Products
Buyer(s) Bausch & Lomb
Sellers(s) The Carlyle Group
KKR
Deal Type Add-on Acquisition

Target

Acufocus

Irvine, California, United States
website
Acufocus is a medical device company that develops and markets small aperture technologies for the improvement of near vision. Acufocus was founded in 2001 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Bausch & Lomb

Rochester, New York, United States

website


Category Company
Founded 1853
Sector Medical Products
Revenue 3.3B USD (2013)
DESCRIPTION

Bausch & Lomb is a manufacturer of ophthalmic products.


DEAL STATS #
Overall 5 of 6
Sector (Medical Products) 3 of 4
Type (Add-on Acquisition) 4 of 4
State (California) 2 of 2
Country (United States) 3 of 3
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 Allegro Ophthalmics - Ophthalmology Assets

San Juan Capistrano, California, United States

Allegro Ophthalmics LLC - Ophthalmology Assets includes global rights for risuteganib (Luminate®)1, Allegro's lead investigational compound in the retina, which is believed to simultaneously act on the angiogenic, inflammatory, and mitochondrial metabolic pathways implicated in diseases such as intermediate dry Age-related Macular Degeneration (AMD).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-30 Xiidra

Basel, Switzerland

XIIDRA (lifitegrast ophthalmic solution) 5% is a prescription eye drop used to treat the signs and symptoms of dry eye disease. Xiidra is based in Basel, Switzerland.

Buy -

Seller(S) 2

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 434 of 443
Sector (Medical Products) 9 of 9
Type (Add-on Acquisition) 182 of 184
State (California) 34 of 34
Country (United States) 247 of 250
Year (2023) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-03 Aspen Power Partners

Dallas, Texas, United States

Aspen Power Partners is a distributor of generation platform focused on solar and storage assets across the U.S. Aspen Power Partners develop and finance community, multifamily, and other distributed solar and storage installations enabling consumers of all income levels to access clean renewable energy. Aspen Power Partners is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-03 Vigor Industrial

Portland, Oregon, United States

Vigor Industrial is a diversified industrial business specializing in shipbuilding, ship repair, and handling important, complex projects in support of energy generation, the nation’s infrastructure, and national defense. With a deep respect for people and the planet, the company strives to be a positive, regenerative force for good environmentally, in the lives of its employees and in the community. Vigor was formed in 1916 and is based in Portland, Oregon.

Sell -
SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 167 of 173
Sector (Medical Products) 4 of 4
Type (Add-on Acquisition) 59 of 61
State (California) 15 of 15
Country (United States) 78 of 81
Year (2023) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 Accuris

Englewood, Colorado, United States

Accuris is an engineering data and technology company that delivers holistic workflow solutions to empower engineering and technical professionals to identify, design, build, and accelerate innovation in market. Accuris also works closely with its Standards Development Organization partners to support their non-profit mission of advancing global knowledge across engineering disciplines. Accuris is based in Englewood, Colorado.

Buy $975M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 Policygenius

New York, New York, United States

Policygenius is an online insurance marketplace that helped more than 30 million people shop for all types of insurance like they shop for everything else online. Policygenius was founded in 2014 and is based in New York City.

Sell -