The Caisse de dépôt et placement du Québec, along with Altas Partners, is selling Capital Vision Services.

West Street Capital Partners VII, a fund managed by Goldman Sachs’ merchant banking division, will be taking on the U.S. company, which provides management services for MyEyeDr.’s optometry practices. 

Read: AIMCo investing in Alberta pipeline, Caisse taking on shares in mining company

“CVS achieved tremendous success in growing the company during the past few years,” said Stéphane Etroy, executive vice-president and head of private equity at the Caisse, in a press release. “This is now a world-class organization that is poised for continued growth in the coming years. It is a great experience to work alongside an exceptional management team such as the one leading CVS and support them with the right mix of strategic input and tools that enable them to thrive.”

The transaction is expected be completed in the third quarter of 2019.

Read: Caisse to supply Medavie with $75M to further strategic objectives

Copyright © 2019 Transcontinental Media G.P. Originally published on benefitscanada.com

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