Norwegian private equity firm Norvestor Equity has created a new chain of Nordic laser eye surgery clinics after buying Sweden’s Globen Ögonklinik and merging it with two smaller Norwegian competitors.

Norwegian private equity firm Norvestor Equity has created a new chain of Nordic laser eye surgery clinics after buying Sweden’s Globen Ögonklinik and merging it with two smaller Norwegian competitors.

Globen Ögonklinik is Sweden’s largest eye surgery company, with clinics in Stockholm, Gothenburg and Norway.

Norvestor is investing €10.5 million (£8.3 million) in the purchase to create a new unit comprising seven clinics in Sweden and Norway.

“Our goal is to double the number of clinics in Sweden and Norway over the next few years,” said Rolf Straume, partner at Norvestor Equity and chairman of the new group.

Commercial due diligence for the deal was completed by a team from Arkwright and was led by Morten Østli.

Østli said: “We provided a fact-based and indepth analysis of key market drivers and risk factors, and led discussions with Norvestor on the deal’s strategic implications. The transaction provides an attractive growth platform in the expanding Nordic market for eye surgery.”