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Ultralase to expand despite restructure

4th March 2010

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YORKSHIRE-BASED laser eye surgery group is pushing ahead with its expansion plans despite a financial restructuring which has seen its banks take a majority stake in the business.

The Leeds group, which was bought two years ago by private equity firm 3i for £174m, said the move would not affect trading.

The restructuring has seen Ultralase put one of its holding companies, Ultralase Finance, into administration and sold it the same day to a new company called CLVC Group which is backed by the private equity arm......for the full story register now for free or login below...


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