Sheridan Invests in Atlantic Vision Partners to Form Virginia's Largest Eye Care Practice

Recently, VCBeat (WeChat ID: vcbeat) learned from foreign media reports that Sheridan Capital Partners (“Sheridan”) announced an investment in Atlantic Vision Partners (“AVP”), an ophthalmic clinic management company. Sheridan led this round of financing. Twin Brook Capital Partners provided debt financing to Sheridan, and McGuireWoods served as Sheridan’s legal advisor. The specific financial terms of the transaction were not disclosed.

Headquartered in Richmond, Virginia, AVP was originally founded by Dr. David Harman in 1988. The company has grown from a single-physician practice into one of the largest ophthalmology groups in Virginia, dedicated to serving the state’s ophthalmic and optometric needs. AVP’s core strength lies in its substantial scale, coupled with a longstanding reputation for delivering high-quality patient care that has been upheld for over three decades.

Sheridan is a Chicago-based private equity firm focused on acquisitions and growth equity investments in the lower middle market across the United States and Canada. The company is dedicated to building leading enterprises in the healthcare and consumer sectors, with primary investments in healthcare services, healthcare outsourcing, and consumer health and products. Sheridan targets companies with an EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of $3 million to $15 million, with investment amounts ranging from $15 million to $50 million.

Jonathan Lewis, Partner at Sheridan Capital Partners, stated, “AVP’s business spans multiple regions. It is precisely because the team focuses on clinical technologies and has the ability to attract top talent that the company has achieved rapid growth.”

AVP CEO Michael Holton stated, “Sheridan is the perfect partner for us. Its investment team has extensive experience in building leading physician practice management businesses, and we look forward to the future development of AVP along with its physicians and management team.”

Twin Brook Capital Partners, headquartered in Chicago, Illinois, USA, is a financial firm providing direct lending services, with a focus on cash flow-based financing solutions for middle-market private equity firms. The company’s management team has successfully completed over 1,100 transactions with more than 200 mid-sized private equity firms.

Twin Brook serves companies with EBITDA ranging from $3 million to $50 million, offering flexible product suites and tailored financing solutions for leveraged buyouts, recapitalizations, add-on acquisitions, and growth capital investments.

McGuireWoods, established in 1834 and headquartered in Richmond, Virginia, USA, is a large law firm. McGuireWoods is dedicated to providing legal and public affairs solutions and comprehensive services to corporate, individual, and non-profit organization clients worldwide.

McGuireWoods has cultivated a loyal client base through its deep industry insights and specialized expertise in corporate transactions, high-stakes disputes, and complex regulatory and compliance matters. Its wholly-owned subsidiary, McGuireWoods Consulting, has been operating for 21 years, establishing robust relationships with state and federal governments across the United States.

McGuireWoods operates 26 offices across the United States, Europe, and Asia. Together, McGuireWoods and McGuireWoods Consulting provide businesses with diverse perspectives, comprehensive services, and practical, innovative business solutions.

(Compiled by Tang Lulu)