Ontario Teachers’ Pension Plan and PAI Partners have agreed to acquire Veonet, a Munich, Germany-based network of ophthalmological clinics located across Europe. No financial terms were disclosed. The seller is Nordic Capital.
December 3, 2021
Ontario Teachers’ Pension Plan Board (Ontario Teachers’) and PAI Partners have agreed to acquire Veonet, a leading pan-European network of ophthalmological clinics from Nordic Capital IX. The financial terms of the transaction were not disclosed. The acquisition is subject to customary regulatory approval.
Veonet is headquartered in Munich, Germany, and operates more than 190 ophthalmological clinics across Germany, the UK, the Netherlands and Switzerland. It treats more than 1.2 million patients every year, cooperating with all health insurance companies and supporting national healthcare service delivery. Veonet is dedicated to ensuring that every patient enjoys a lifetime of healthy vision, contributing to their overall health and wellbeing.
Veonet built a strong foundation with Nordic Capital and looks forward to continuing its journey and creating even better outcomes for its patients and even more opportunities for its employees.
About Ontario Teachers’
Ontario Teachers’ Pension Plan Board (Ontario Teachers’) is the administrator of Canada’s largest single-profession pension plan, with C$227.7 billion in net assets (all figures at June 30, 2021 unless noted). It holds a diverse global portfolio of assets, approximately 80% of which is managed in-house, and has earned an annual total-fund net return of 9.6% since the plan’s founding in 1990. Ontario Teachers’ is an independent organization headquartered in Toronto. Its Asia-Pacific region offices are located in Hong Kong and Singapore, and its Europe, Middle East & Africa region office is in London. The defined-benefit plan, which is fully funded as at January 1, 2021, invests and administers the pensions of the province of Ontario’s 331,000 active and retired teachers. For more information, visit otpp.com.