Eqt relaunches sale of ginko with billion-dollar valuation target

Thursday 16 April 2026 - 07:45

Global investment firm EQT AB has resumed efforts to sell the mainland China operations of contact lens manufacturer Ginko International, with a target valuation of at least $1 billion, according to sources familiar with the matter.

The move comes after a previous agreement to sell the business to U.S.-based private equity firm Advent International fell through. The earlier deal was reportedly abandoned after the buyer chose to withdraw and pay a termination fee, although the reasons behind the decision were not publicly disclosed.

The renewed sale process highlights continued investor interest in the healthcare and consumer goods sectors, particularly in fast-growing markets such as mainland China. Ginko International, originally founded in Taiwan, has built a strong presence in the region through its range of products, including conventional and disposable contact lenses as well as lens care solutions.

To manage the process, EQT has engaged major financial institutions including Goldman Sachs and JPMorgan, which are currently exploring potential buyers. These may include both strategic industry players and financial investors seeking to expand their portfolios.

While details regarding the bidding timeline remain unclear, the deal is expected to attract significant attention given the size of the transaction and the growth potential of the optical healthcare market.

The relaunch of the sale underscores the dynamic nature of global mergers and acquisitions, where shifting market conditions and strategic priorities can quickly reshape major transactions.