Add-on Acquisition • Consumer Products

Luxottica Group Acquires Oakley

On June 21, 2007, Luxottica Group acquired consumer products company Oakley for 2.1B USD

Acquisition Context

This is Luxottica Group’s 3rd transaction in the Consumer Products sector.
This is Luxottica Group’s largest (disclosed) transaction.
This is Luxottica Group’s 5th transaction in the United States.
This is Luxottica Group’s 1st transaction in California.

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M&A Deal Summary
Date	June 21, 2007
Target	Oakley
Sector	Consumer Products
Buyer(s)	Luxottica Group
Deal Type	Add-on Acquisition
Deal Value	2.1B USD
Advisor(s)	Goldman Sachs (Financial) Skadden, Arps, Slate, Meagher & Flom (Legal)

Target Company

Oakley

Foothill Ranch, California, United States

Oakley is a global leader in sport performance optics including premium sunglasses, goggles, and prescription eyewear. Headquartered in Southern California, the company's optics brand portfolio includes Dragon, Eye Safety Systems, Fox Racing, Mosley Tribes, Oliver Peoples, and Paul Smith Spectacles. In addition to its global wholesale business, the company operates retail chains including Bright Eyes, Oakley Stores, Sunglass Icon and The Optical Shop of Aspen.

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Buyer Overview 1

Buyer

Luxottica Group

Milan, Italy

Category	Company
Founded	1961
Sector	Consumer Products
Employees	79,000
Revenue	8.8B EUR (2015)

DESCRIPTION

Luxottica's North American headquarters in Mason, Ohio.

Luxottica is a global producer, distributor, and retailer of sun and prescription eyewear. Luxottica Group S.p.A. was formed in 1961 and is based in Milan, Italy.

Deal Context for Buyer	#
Overall	6 of 13
Sector: Consumer Products	3 of 7
Type: Add-on Acquisition	5 of 10
State: California	1 of 1
Country: United States	5 of 5
Year: 2007	1 of 1
Size (of disclosed)	1 of 8

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2006-09-29	Things Remembered Highland Heights, Ohio, United States Things Remembered is a personalized gift chain providing solutions for all gift-giving occasions through more than 650 stores across the U.S. and through its catalogs and website. The Company specializes in personalizing gifts through its engraving and monogramming technology.	Sell	$200M

DATE

TARGET

DEAL TYPE

VALUE

2006-09-29

Things Remembered

Highland Heights, Ohio, United States

Things Remembered is a personalized gift chain providing solutions for all gift-giving occasions through more than 650 stores across the U.S. and through its catalogs and website. The Company specializes in personalizing gifts through its engraving and monogramming technology.

Sell

$200M

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2010-02-08	Eyebiz Laboratories Pty Sydney,, Australia Eyebiz Laboratories Pty Limited engages in processing, finishing, and distribution of ophthalmic lens.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2010-02-08

Eyebiz Laboratories Pty

Sydney,, Australia

Eyebiz Laboratories Pty Limited engages in processing, finishing, and distribution of ophthalmic lens.

Buy

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