Gauge Capital recaps New Eyes

Gauge Capital LLC has recapitalized New Eyes. Financial terms weren’t announced. New Eyes, of Las Vegas, provides ophthalmologic services.

PRESS RELEASE

New Eyes, a leading ophthalmologic services group based in Las Vegas, Nevada has been recapitalized by an affiliate of Gauge Capital, LLC (“Gauge Capital”).
 
Cain Brothers served as financial advisor to New Eyes in connection with the transaction.
 
Based in Las Vegas, Nevada, New Eyes is a leading ophthalmologic services provider, offering comprehensive and differentiated quality care utilizing its broad network of Las Vegas-based clinical locations and its state-of-the-art outpatient surgery center to provide patients with the comfortable and individualized clinical experience. As a clinical innovator, New Eyes was one of the first practices in the U.S. to offer cataract removal procedures employing techniques that do not require the use of a surgical blade.  Additionally, New Eyes operations are supported by the leading management capabilities, including differentiated technology and centralization of core operational functions allowing clinicians with the freedom to focus their time and energy on patient care.
 
Headquartered in Southlake, Texas, Gauge Capital is a private equity firm focused on partnering with owners, managers and equity stakeholders of successful middle-market companies to maximize their potential. Currently investing out of a $500 million fund, the firm targets companies that have meaningful growth potential, sustainable differentiation or value proposition with EBITDA of $5 – $30 million. Gauge Capital typically seeks majority and shared controlled investments opportunities where its strategy allows them to generate long-term, sustainable value creation for its partners through transformational change as well as organic and strategically acquired growth.