All M&A articles – Page 3
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ArticleKering Eyewear builds up in-house supply chain in Belluno
The eyewear division of Kering is acquiring Visard, a specialist in injected plastic frames, and taking a minority share (for now) in Mistral, an acetate eyewear manufacturer.
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ArticleTopcon seeks to move from a hardware-based to a solutions-based business after ownership change
US-based private equity firm KKR will be acquiring a majority stake in Topcon Corporation as part of a planned management buyout (MBO), both companies have announced. The tender buyout offer, which is scheduled for the end of July this year, values the Japanese equipment maker at 348 billion yen (€2.2bn). ...
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Alcon to acquire cataract laser treatment company for $430m
Alcon has announced that it will acquire LENSAR, a stock listed company specializing in the advanced laser treatment of cataracts, following an agreement between both companies. The Swiss-based eye care group will purchase all LENSAR outstanding shares with a 24 percent premium to their average price of the last 30 ...
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News briefsTopcon investing in oculometrics company
Topcon Healthcare is the lead investor in a pre-Series A funding round for MachineMD, which develops oculometric systems to assess brain function and detect multiple sclerosis, Parkinson’s disease, tumors, evidence of strokes and other troubles. The amount of the investment remains undisclosed, but Topcon will be integrating MachineMD’s neuro-diagnostics into ...
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EssilorLuxottica expands med-tech offering with new acquisition
A few months after its investment in Heidelberg Engineering, EssilorLuxottica announced yesterday the acquisition of Cellview Imaging, another med-tech company. Based in Canada and until now only distributed in North America, Cellview has developed a range of diagnostic imaging instruments for eyecare practitioners to diagnose retinal pathologies. According to Essilux, ...
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ArticleEssilorLuxottica’s M&A program gets an early start into the new year
EssilorLuxottica is acquiring Pulse Audition, a French-based startup specializing in AI-driven hearing-aid technology for smart eyewear.
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EssilorLuxottica announces new acquisition in the med-tech sector
EssilorLuxottica continues to expand in the med-tech sector with the acquisition of Espansione Group, an Italian-based company developing non-invasive medical devices for the diagnosis and treatment of dry-eye, ocular surface and retinal diseases. Espansione Group’s proprietary technologies include Light Modulation Low-level Light Therapy (LLLT) photobiomodulation (PBM) and Intense Pulsed Light ...
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Private equity funds reportedly eye Topcon acquisition
Private equity investors, including KKR and EQT, are in negotiations to acquire Topcon, the Japanese eyecare equipment maker, Bloomberg reported yesterday. Japan Investment Corp., the government-backed fund is also reportedly planning to submit an offer for the company by the end of this year. Topcon has been under pressure from ...
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ArticleHOYA acquires Deutsche Augenoptik
Deutsche Augenoptik (DAO) is a German-based wholesale company supplying lenses, equipment and eyeglasses to opticians, optometrists and ophthalmologists, with a strong market penetration in the independent optical distribution channel.
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Historic US eyewear supplier acquired by private equity fund
Zyloware Eyewear, “the longest-running family-owned optical company in the US” by its own description, has announced that private equity firm CenterGate Capital has acquired a majority stake in the business. Established in 1923 and headquartered in Port Chester, New York, Zyloware distributes in North America a large portfolio of house ...
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ArticleThélios to invest in MYKITA
LVMH’s eyewear unit expands its footprint in the eyewear designer segment with a minority stake in the Berlin-based eyewear designer and manufacturer.
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ArticleiVisionTech diversifies into auto sector with purchase of 45% stake in Molex Zetronic
OEM eyewear maker is continuing to diversify its activities by investing in the producer of electronic components for the automotive sector. There may also be some synergies in the domain of smart glasses.
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Article100% Optical trade show changes hands
Media 10, organizer of the 100% Optical trade show in London since 2014, has announced the sale of the event to CloserStill Media, another UK-based event organizer. CloserStill Media runs over 100 business-to-business events in and outside the UK across several sectors including business technologies, transport and infrastructure, and healthcare. ...
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News briefsVSP to acquire Eyemart Express
VSP Vision has entered into a definitive agreement to acquire Eyemart Express from FFL Partners and Leonard Green & Partners. The acquisition is subject to regulatory authorization. Founded in 1990 and headquartered in Farmers Branch, Texas, Eyemart Express operates about 250 stores in 42 US states. It seeks out affiliations ...
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LVMH invests in Moncler
French luxury conglomerate LVMH, through a special purpose vehicle, has purchased a 10 percent stake in Double R, the investment vehicle controlled by Ruffini Partecipazioni Holding, which owns a direct stake in Moncler of around 15.8 percent. The financial terms of the deal were not disclosed. Under the terms of ...
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ArticleNew alliance in the Middle East optical retail sector
MAGRABI Retail Group, the leading optical retailer in the Middle East region, has announced that it will take over 89 Rivoli Vision stores across the UAE, Qatar, Oman and Bahrain in what was described as a merger and an historic partnership. The alliance of the two multi-brand retailers will expand ...
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News briefs
Modo adds reading glasses to portfolio with new acquisition
Italo-American eyewear group MODO is acquiring a US supplier of reading glasses, sunglasses and blue light glasses, its second M&A operation in less than one year.
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News briefs
EssilorLuxottica enters Romanian retail market with new acquisition
EssilorLuxottica has announced the full acquisition of Optical Investment Group (OIG) from private equity fund Innova Capital Group and a group of individual minority shareholders. Established in 2019, OIG directly operates 99 stores in Romania under three banners – OPTIBlu, Optiplaza and O5 – as well as e-commerce websites with ...
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ArticleEssilux posts solid Q2 results, answers questions on Supreme, Meta
EssilorLuxottica has posted solid results for the first six months of 2024 with a continued mid-single-digit revenue progression in Q2, which was almost an exact duplicate of the Q1 performance, and gross and operating margin expansions. We cover the results in more detail in the second part of this article. ...
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ArticleEssilux mixes med-tech and streetwear in shopping basket
“As you understood, we love our origins a lot, based on frames and lenses, but the company is now taking a slightly different direction,” said Francesco Milleri, CEO of EssilorLuxottica at the group’s shareholders’ assembly in April, replying to a question related to the potential acquisition of Marcolin. This was ...
