CVC Capital Partners is in final talks to acquire the mainland China business of contact lens maker Ginko International from EQT, according to four people familiar with the matter.
The deal could value the business at between $700 million and $800 million, including debt, although financial terms remain subject to change and the talks could still collapse.
EQT had previously sought at least $1 billion for the business. It agreed last year to sell Ginko to Advent International, but that transaction later fell through.
Ginko, founded in Taiwan, produces conventional and disposable contact lenses as well as lens care products. China is its largest market.
The business was acquired in 2022 by Baring Private Equity Asia, which later merged with EQT.
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