Goldman Sachs enters optical retail market

Goldman Sachs’ merchant banking division has announced plans for the acquisition of Capital Vision Services, which provides management services to the MyEyeDr group of independent optometrists and practices in the USA.

The financial terms of the deal were not disclosed, but a report in the Wall Street Journal estimated Capital Vision Services was worth $2.7bn, including debt.

Analysts suggested the deal was another example of how Goldman Sachs was trying to invest in more businesses for average consumers and not just providing high-end money management services for affluent clients, as well as merger and underwriting advisory work for big corporations.