M&A Deal Summary

Luxottica Group Acquires Oakley

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2007-06-21
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

Oakley

Foothill Ranch, California, United States
website
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(S) 1

Buyer

Luxottica Group

Milan, Italy

website

Category Company
Founded 1961
Sector Consumer Products
Employees79,000
Revenue 8.8B EUR (2015)
DESCRIPTION
Luxottica's North American headquarters in Mason, Ohio.
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 STATS #
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
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 -
Mergr

Product

Company

Legal