All M&A articles – Page 4
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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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News briefs
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 ...
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News briefsVSP Vision's iCare buys Miami clinic
iCare Health Solutions has acquired Beraja Medical Group, a 35-year-old clinic in the city of Coral Gables, within Greater Miami. Beraja has three specialties: ophthalmology, surgical and non-surgical cosmetic procedures, and ocuplastic surgery (reconstruction of the eyelids, eyebrows, forehead and cheeks). The change will apparently be limited to ownership, as ...
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ArticleBacked by new investor, Vision Group aims for more acquisitions
London-based alternative asset manager ICG has agreed to purchase a 49.4 percent stake in the leading Italian eyewear retailer Vision Group as part of a management buyout, acquiring the roughly 46 percent stake held by former private equity group backer Arcadia along with shares from other unnamed investors. ICG will ...
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ArticleFielmann more than doubles US retail footprint with new acquisition
Fielmann Group has announced that it has agreed to acquire 100 percent equity ownership of Shopko Optical, a US optical retail chain based in Wisconsin, through Fielmann USA, its subsidiary in the country. The transaction, for which the amount was not disclosed, is expected to become effective in the third ...
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News briefs
iVision Tech buys 51% of Teknoema
Italian eyewear supplier iVision Tech has acquired a 51 percent stake in Teknoema Srl, an Italian company specialized in the electronics manufacturing services (EMS) market that develops custom electronic boards and equipment, for €1.02 million. iVision Tech said the acquisition will bolster iSee, its smart glasses project for vision-impaired ...
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News briefs
Nexeye acquired for less than €500 million, 3i annual results show
As reported at the end of last month, global investment firm KKR will acquire Nexeye, which runs the Hans Anders, Eyes + More and Direkt Optik retail chains, from 3i, another financial investor that owned the company since 2017. In its financial results for FY2024, ended March 31, 2024, 3i ...
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News briefs
EssilorLuxottica confirms but downplays interest in Marcolin
Replying to a shareholder’s question during EssilorLuxottica’s general assembly on April 30, 2024, Francesco Milleri, CEO, confirmed that the group was part of the discussions on the take-over of Marcolin. However, he commented that the potential acquisition was not a “strategic part” for EssilorLuxottica, and not only because the group’s ...
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News briefs
JEH acquires factory in Fukui
Fast-growing eyewear group Japan Eyewear Holdings (JEH) has acquired Taihou, an OEM eyewear supplier based in Sabae City, Fukui prefecture, Japan. The company said that the acquisition was aimed at boosting its production capacity. As previously reported, JEH revenue jumped by 26.3 percent year-on-year in 2023 thanks in large parts ...
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ArticleNew owner for Nexeye retail group
Global investment firm KKR will become the new majority shareholder of Nexeye, the Dutch-based retail group operating the Hans Anders, Eyes + More and Direkt Optik chains, acquiring it from 3i, another investment fund that owned the company since 2017. The agreement is subject to regulatory approval, but it does ...
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News briefs
EssilorLuxottica closes Washin’s acquisition
EssilorLuxottica has officially confirmed that it closed the acquisition of Japanese retail chain Washin, on which we reported in February already, following the approval of Japanese competition authorities. The Italo-French group said that this acquisition paved the way for further investments in Japan and would provide greater insights on the ...
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News briefsCarl Zeiss Meditec acquires DORC
Regulators having cleared the way, Carl Zeiss Meditec has finished acquiring the Dutch Ophthalmic Research Center (DORC). Negotiations began in December of last year. The seller is Eurazeo, an investment firm headquartered in Paris. The terms of the deal remain undisclosed, but Eurazeo reports the following: “The transaction has generated ...
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ArticleTwo top-ten German optical retailers join forces to take over Edel-Optics
Optiker Bode and ROTTLER, two family-owned and historical optical retail chains respectively based in Hamburg and North Rhine-Westphalia, are joining forces to take over Edel-Optics, an online optical retail pionneer in both Germany and Europe. Founded in 2009, the company had filed for insolvency proceedings in February. Edel-Optics has ...
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ArticleiVision Tech enter lens business as 2023 parent company sales rise 19%
The Italian eyewear group iVision Tech announced it was entering the lens sector with the acquisition of a 60 percent stake in Bulgarian lens producer IVILENS OOD for €280,000, as it continues on the acquisition path following the purchase of the French high-end eyewear manufacturer Henry Jullien in September. Stefano ...
