Private equity firm Palamon Capital Partners sold its stake in Furth, Germany-based ophthalmology group Ober Scharrer for 3.6 times its initial investment, Private Equity News reports.
Here's what you should know.
1. Palamon acquired a majority stake in the 80-clinic ophthalmology practice in 2011.
2. The clinic employs approximately 900 people and provides more than 85,000 treatments annually.
3. Palamon didn't disclose the transactions' exact financial figures.
4. A Palamon spokesperson said, "Robust demand driven by an ageing population and a number of add-ons [and] acquisitions have helped Ober triple its revenue, earnings and number of clinics since 2011."