December 17, 2020
Translink Corporate Finance advised Fielmann, a German Stock-listed family business leading producer and marketer of prescription eyeglasses, specialty glasses, sunglasses, contact lenses, and optical supplies designer, on the acquisition of 80% of Óptica del Penedés (Óptica Universitaria), the third largest optical retail chain in Spain. With about 400.000 glasses sold and more than 100m EUR in sales (2019) Óptica Universitaria is the third largest retail chain in Continental Europe’s fourth-largest optical market. The family business currently operates 80 stores with more than 1.000 employees in Spain. In times of the coronavirus pandemic, the company outperformed its competition and gained additional market share.
With Óptica Universitaria Fielmann acquires one of the leading optical businesses in Spain. Through synergies within the Fielmann Group, Fielmann will further accelerate the growth of Óptica Universitaria in its long-term plan to sell more than 800.000 glasses and generate sales of more than 250m EUR on a yearly basis.
Manuel Caballero and Rufo Gomez, founders of Óptica Universitaria, retain a 20% equity stake and remain involved in the business.
Contact our Team Members advising in this transaction:
Translink Corporate Finance GmbH & Co. KG with its offices in Frankfurt and Bremen covers Translink’s business in Germany, Austria and Switzerland. It is composed of seasoned finance and M&A professionals who have in-depth experience in a variety of sectors and disciplines.
Windcorp Translink is the partner firm of Translink Corporate Finance in Spain and provides financial services, including M&A processes as well as in financial restructuring and independent company valuations, to both national and international companies either listed or in the midmarket segment. Founded in 1989, Windcorp Translink has advised companies in several industries and has successfully closed over 250 transactions with an aggregated volume of EUR 5,000 Mn.