Gauge Capital recapitalizes ophthalmology services provider — 3 key points

An affiliate of Gauge Capital recapitalized Las Vegas-based New Eyes, according to The PE Hub Network. Here are three key points:

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1. Founded by Helga Pizio, MD, New Eyes has several Las Vegas-based clinical locations and an outpatient surgery center. Its services include pterygium surgery, vision correction and cataract removal without the use of a surgical blade.

2. Private equity firm Gauge Capital seeks out companies with meaningful growth potential, sustainable differentiation or value proposition with EBITDA of $5 to $30 million.

3. Cain Brothers, a healthcare investment bank and division of KeyBanc Capital Markets, was the financial advisor to New Eyes in the transaction.

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