All M&A articles – Page 4
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News briefs
Luz and Optalor buying groups merge
The trade journal Acuité reports that Luz and Optalor have joined forces. Together, the two French buying groups boast 2,100 points of sale and some €200 million (taxes excluded) in purchases. Optalor is in fact being absorbed into Luz, which will be handling negotiations and purchases, although for the next ...
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Advancing Eyecare buys Santinelli International
Advancing Eyecare has acquired Santinelli International, a supplier of optical finishing equipment. The deal was concluded in December, but terms have not been disclosed. Advancing Eyecare is owned by Atlantic Street Capital (ASC), operates in North America and includes the Lombart Instrument, Marco Ophthalmic, Innova Medical and S4Optik brands. Santinelli ...
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ArticleMPG doubles down in retail, taking over 177 Essilux shops
Just a few days after the announcement of an agreement with the Vision Group for the takeover of 174 of their Italian stores, EssilorLuxottica and GrandVision have announced that they have found an acquirer for 177 of their retail locations in the Benelux. Both divestments had been agreed with the ...
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Inspecs buys Ego Eyewear
Following the recent aquisition of BoDe Design, Inspecs has announed it would also acquire Ego Eyewear, a Swedish company developing licensed eyewear for such fashion brands as Barbour, Liberty of London, Viktor & Rolf, Lyle & Scott, Henry Lloyd, Joseph, Ivana Helsinki, Valerie and Day. According to Inspecs’ CEO, Robin ...
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ArticleOcuco invests in myopia treatment IT company
Ocuco – the software producer for optometrists, ophthalmologists, optical offices and optical labs – has purchased a minority share in Ocumetra, an IT firm that produces nine clinical tools for the treatment of myopia. Chief among these is a numerical and graphical suite called Refractogram, with interactive ocular growth charts, ...
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News briefs
Essilux concludes public offer for GrandVision shares
EssilorLuxottica has announced the expiration of the post-acceptance period of the group’s public offer for outstanding shares of GrandVision. At the end of the process, the company owns 99.84 percent of the Dutch-based retail group’s capital. EssilorLuxottica will now initiate statutory buy-out proceedings in order to obtain 100 percent of ...
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French investment fund takes majority share in Seaport ODLM
B & Capital, a French investment fund specializing on small and medium-sized business, has announced its acquisition of a majority stake in Seaport ODLM, the French eyewear company, following the retirement of Guy Azoulay, one of the two co-founders. Francis Kessous remains a shareholder and president of the group’s companies. ...
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ArticleEssilorLuxottica divests shops in Italy, invests in Sweden
EssilorLuxottica and its retail subsidiary GrandVision announced on Dec. 17 that they have found an agreement for Vision Group to acquire their VistaSi chain in Italy, including the brand and 99 stores, as well as 75 GrandVision stores in the country. The financial terms of the transaction were not disclosed. ...
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ArticleLVMH takes full control of Thélios
LVMH and Marcolin have announced in a short common statement last Friday the end of their joint venture partnership in Thélios, with the French luxury group purchasing the 49 percent share of Marcolin in the company. No financial details were disclosed. LVMH, which becomes the sole owner of Thélios, said ...
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Inspecs acquires BoDe Design
Inspecs, the U.K.-based eyewear and lenses company, has announced the acquisition of BoDe Design Vertriebs, a distributor of eyeglasses and sunglasses in the German speaking countries and the Netherlands. Founded in 1993, BoDe has been essentially distributing Inspecs’ portfolio brands such as Superdry, O’Neill or Botaniq, along with its house ...
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EssilorLuxottica share in GrandVision rises to 99.73%
EssilorLuxottica announced on Dec. 6 the results of its mandatory public offer for the remaining GrandVision’s share, following the expiry last Friday of the acceptance period started last Oct. 8. During the process, the Italo-French group acquired an additional 33.2 million shares in the Dutch-based retail group at €28.42 each ...
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New Look Vision Group acquires Luxury Optical Holdings
The Canadian-based New Look Vision Group has announced the acquisition of Luxury Optical Holdings (LOH), further expanding its retail footprint in the U.S. luxury eyewear segment after the takeover of Edward Beiner in 2020 and the previously announced partnership with Black Optical earlier this year. The amount of the transaction ...
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Hilco acquires Simovision
Hilco Vision, the U.S. supplier of vision care products and solutions, has announced the acquisition of Simovision, a Belgium and Netherlands-based company specializing on the distribution of ophthalmic products, including consumables and equipment for retractive, cataract and retina surgery and dry eye patients. Hilco Vision commented that, while ophthalmic products ...
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ArticleEssilux launches mandatory public offer for GrandVision shares
EssilorLuxottica and GrandVision jointly announced on Oct. 7 the launch of the recommended mandatory public offer for the purchase by the Italio-French group of all remaining shares in the Dutch retail group’s capital. As already communicated a few weeks ago, the price of the mandatory offer is set at €28.42 ...
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Article1-800 Contacts acquires virtual try-on specialist
1-800 Contacts, the U.S. contact lens specialist, has acquired Ditto, a firm also headquartered in the U.S. that provides virtual try-on systems for eyewear brands and eyewear retailers on- and offline, Vision Monday reports. The terms of the deal, which closed on Aug. 27, 2021, remain under seal, but a ...
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News briefs
L’amy Luxe acquires Von Arkel
Group L’amy Luxe, the French eyewear maker that had been saved from bankruptcy proceedings by the International Luxury Group and MadaLuxe at the end of last year, just announced the acquisition of the Swiss brand of luxury eyewear Von Arkel. Founded in 2015, Von Arkel develops and distributes eyeglasses and ...
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ArticleJimmy Fairly to boost international business under new ownership
The vertically integrated French eyewear brand Jimmy Fairly is changing hands after its founders, Antonin Chartier and Sacha Bostoni , and the investment fund Experienced Capital , their main financial partner since 2017, agreed to sell a majority stake of the company to the HLD investment fund. ...
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ArticleKering Eyewear acquires Lindberg
Kering Eyewear , an entity of the French luxury group Kering , announced on July 8 the acquisition from the Lindberg family of 100 percent of the share capital of LINDBERG , the Danish-based independent eyewear company. The details of the transaction, which is expected to complete later this year ...
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ArticleEssilux to close GV acquisition
EssilorLuxottica announced yesterday that its board of directors has approved the completion of the acquisition of HAL ’s 76.72 percent stake in GrandVision at the price of €28.42 per share that was initially agreed on July 2019. The announcement was followed by a very short statement by ...
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ArticleEssilux free to terminate GV deal following arbitral decision
Just half an hour apart, EssilorLuxottica and GrandVision both announced yesterday evening that the arbitration proceedings between them ended with a decision favorable to the Italo-French group. The arbitral tribunal declared by majority that GrandVision had breached its obligations under the Support Agreement for the ...
