Goldman Sachs Merchant Banking Division to Acquire Capital Vision Services from Altas Partners and CDPQ

NEW YORK & VIENNA & TORONTO & QUEBEC CITY, Québec–(BUSINESS WIRE)–West Street Capital Partners VII, a fund managed by the Merchant Banking
Division of Goldman Sachs (“GS MBD”), Altas Partners (“Altas”) and
Caisse de dépôt et placement du Québec (“CDPQ”) announced today their
entry into a definitive agreement under which GS MBD will
acquire Capital Vision Services, LP (“CVS”) from Altas and CDPQ.

CVS, which provides management services to MyEyeDr. O.D.’s (“MyEyeDr.”
or the “Company”) optometry practices, supports affiliated independent
MyEyeDr. optometrists and their practices with a complete array of
financial, marketing, human resources, and accounting services, along
with managed care credentialing and claims processing. MyEyeDr.
practices offer patients personalized and essential eye care services,
an unmatched selection of prescription eyeglasses and sunglasses, and
standard and specialty contact lenses to meet their unique vision,
health and wellness needs.

“We are thrilled to partner with GS MBD as we turn to the next chapter
of our growth and champion a new path for eye care,” said Sue Downes,
Co-Founder and CEO of CVS. “GS MBD’s funds have a long and established
track record of successfully scaling healthcare companies, and we look
forward to leveraging their expertise as we provide even more patients
access to the latest in vision care technology.”

“We also thank Altas and CDPQ for their partnership and invaluable
support these last several years,” added Downes. “By leveraging their
operational expertise and strategic insight, we were able to
significantly enhance our capabilities, processes and systems and
strengthen our senior management team with the addition of multiple key
hires.”

“We are very excited to announce this transaction and mark the beginning
of the next chapter of CVS’ success,” said Jo Natauri, Global Head of
Healthcare Investing for the Goldman Sachs Merchant Banking Division.
“We look forward to partnering with this talented management team and
building on their foundation of commercial and operating excellence. CVS
has a proven consumer-directed healthcare model that champions
optometrists and promotes eye health. We are proud to support the
Company’s continued growth and pleased about this new investment, which
expands our portfolio in the healthcare services sector.”

“We are extremely proud to have partnered with Sue Downes, David Sheffer
and the entire CVS management team during this time of tremendous growth
and development for the Company,” said Scott Werry, a Managing Partner
of Altas. “At the time of our investment in 2015, CVS managed 165
practices in 7 states; by the end of this year, the Company’s footprint
will have grown to 575 practices in 18 states nationwide. CVS is well
ahead of schedule in achieving our strategic vision for the business,
which was focused on significantly enhancing its scale and scope while
delivering improved patient outcomes across its affiliated practices.”

“CVS achieved tremendous success in growing the Company during the past
few years. This is now a world-class organization that is poised for
continued growth in the coming years,” said Stéphane Etroy, Executive
Vice-President and Head of Private Equity at CDPQ. “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 to close in the third quarter of 2019
subject to customary closing conditions and regulatory approvals.

About Capital Vision Services, LP

Founded in 2001, Capital Vision Services, which provides management
services to full-service optometry practices, is a market leader. Its
affiliated MyEyeDr. practices offer patients exceptional full-service
vision care, a wide selection of prescription eyeglasses and sunglasses,
and standard and specialty contact lenses. Capital Vision Services
provides affiliated, independent optometrists with a complete array of
financial, marketing, human resources and accounting services, along
with managed care credentialing and claims processing.

For more information: https://www.capitalvisionservices.com/

About Goldman Sachs Merchant Banking Division

Founded in 1869, The Goldman Sachs Group, Inc. is a leading global
investment banking, securities and investment management firm. Goldman
Sachs Merchant Banking Division is the primary center for the firm’s
long-term principal investing activity. With nine offices across seven
countries, Goldman Sachs Merchant Banking Division is one of the leading
private capital investors in the world with equity and credit
investments across corporate, real estate and infrastructure strategies.
Since 1986, the group has invested approximately $180 billion of levered
capital across a number of geographies, industries and transaction types.

About Altas Partners

Founded in 2012, Altas Partners is an investment firm with a long-term
orientation focused on acquiring significant interests in high-quality,
market-leading businesses in partnership with outstanding management
teams. The firm manages more than $6 billion on behalf of endowments,
foundations, public pension funds and other institutional investors. The
firm’s past and present portfolio companies include University of St.
Augustine for Health Sciences, Tecta America, Hub International, PADI,
Capital Vision Services, Medforth Global Healthcare Education, and NSC
Minerals.

For more information: http://www.altas.com

About Caisse de dépôt et placement du Québec

Caisse de dépôt et placement du Québec (CDPQ) is a long-term
institutional investor that manages funds primarily for public and
parapublic pension and insurance plans. As at December 31, 2018, it held
CA$309.5 billion in net assets. As one of Canada’s leading institutional
fund managers, CDPQ invests globally in major financial markets, private
equity, infrastructure, real estate and private debt. For more
information, visit cdpq.com,
follow us on Twitter @LaCDPQ or
consult our Facebook or LinkedIn pages.

Contacts

For Goldman Sachs Merchant Banking Division:
Leslie Shribman
U.S.:
+1 (212) 902 5400

For Altas Partners:
Sard Verbinnen & Co.
Julie
Rudnick / Kevin Siegel
U.S.: +1 (212) 687 8080
altas-svc@sardverb.com

For
CDPQ:
Cesaltine Gregorio
Senior Advisory Director, Global
Media Relations
+1 212 596 6314
+1 347 241 3248
cgregorio@cdpq.com