M&A Deal Summary

3i Private Equity Acquires Nexeye

On April 10, 2017, private equity firm 3i Private Equity acquired retailer Nexeye from Alpha Group and BV Capital Partners for 200M EUR

Acquisition Highlights
  • This is 3i Private Equity’s 13th transaction in the Retail sector.
  • This is 3i Private Equity’s 27th largest (disclosed) transaction.
  • This is 3i Private Equity’s 13th transaction in the Netherlands.
Investment Fate
  • Nexeye was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2017-04-10
Target Nexeye
Sector Retail
Buyer(s) 3i Private Equity
Sellers(s) Alpha Group
BV Capital Partners
Deal Type Secondary Buyout
Deal Value 200M EUR

Target

Nexeye

Gorinchem, Netherlands
website
Nexeye is an optical retail chain. The company offers a range of private label and branded spectacles, as well as hearing aids, contact lenses and sunglasses, at average price points significantly below its major competitors. Nexeye was established in 1982 and is based in Gorinchem, Netherlands.

Search 192,907 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1945
PE ASSETS 16.7B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


DEAL STATS #
Overall 226 of 247
Sector (Retail) 13 of 13
Type (Secondary Buyout) 32 of 41
Country (Netherlands) 13 of 18
Year (2017) 2 of 5
Size (of disclosed) 27 of 64
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-21 Environmental Scientifics Group

Staffordshire, United Kingdom

Environmental Scientifics Group Ltd. is a provider of testing, inspection and compliance services. Operating across five distinct divisions we offer an unrivalled range of technical expertise and accredited services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-12 Formel D

Cologne, Germany

Formel D is a service provider to the automotive and component supply industry. The company develops concepts and scalable solutions for quality assurance and process optimisation along the entire automotive value chain - from development to production through to aftersales. Formel D was founded in 1993 and is based in Cologne, Germany.

Buy -

Seller(S) 2

SELLER

Alpha Group

Paris, France

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1985
PE ASSETS 2.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Alpha Group is a European private equity firm specializing in LBOs and development capital investments. The Firm seeks to invest in companies throughout Europe, including Germany, Switzerland, Italy, France, and Benelux as well as some eastern European countries. The Firm seeks to commit €50 to €125 million in companies valued between €100 and €500 million. Alpha typically takes majority control and arranges for founders or key managers to co-invest. Sectors of interest include Consumer & Leisure, Fashion & Design, Industrial Manufacturing and Service & Distibution. Alpha Group was formed in 1985 and is based in Paris.


DEAL STATS #
Overall 32 of 40
Sector (Retail) 5 of 5
Type (Secondary Buyout) 23 of 28
Country (Netherlands) 2 of 2
Year (2017) 1 of 3
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-22 Feu Vert

Ecully, France

Feu Vert is a provides network of 450+ maintenance & repair autos centers spread over France, Spain, and Portugal. Feu Vert business covers both the workshop activity which accounts for the bulk of its business, as well as the distribution of car spare parts and accessories. Feu Vert was founded in 1972 and is based in Madrid, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-12 Europart

Hagen, Germany

Europart is a trading company for spare parts and accessories for commercial vehicles, buses and special vehicles of all classes in Europe. In addition, Europart supplies its main customer groups in vehicle garages, transport companies and fleet operators with a wide range of workshop requirements, including in the areas of chemicals, workshop/office equipment, fastening technology, operational safety equipment etc. for day-to-day work. Europart was founded in 1948 and is based in Hagen, Germany.

Buy -
SELLER

BV Capital Partners

Luxembourg, Luxembourg

Investor

website


Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

BV Capital Partners is a private equity firm specializing in buyouts, buy-ins, growth capital financings, and recapitalizations of small and mid-sized companies throughout the Benelux. The Firm looks to make controlling investments in businesses with defensible market positions and at least €1 million of stable cash flows. Prospective companies typically generate revenues of €15 to €60 million and are valued up to €30 million. Areas of interest include chemicals, environmental, consumer products, industrial, leisure, healthcare, pharmaceuticals, financial services, and business services. The Firm will not invest in project oriented businesses, turnarounds, media, trading companies, distribution, bio-tech, software, or real estate. BV Capital Partners was formed in 2003 and is based in Luxembourg.


DEAL STATS #
Overall 4 of 4
Sector (Retail) 2 of 2
Type (Secondary Buyout) 2 of 2
Country (Netherlands) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-29 LensOnline

Kruibeke, Belgium

Lensonline is an online seller of contact lenses. The company has deployed an innovative multi-channel sales model via a network of affiliated opticians. LensOnline was founded in 2004 and is based in Kruibeke, Belgium.

Buy -