M&A Deal Summary

Alpha Group and BV Capital Partners Acquire Nexeye

On April 11, 2011, private equity firms Alpha Group and BV Capital Partners acquired retailer Nexeye for 160M EUR

Acquisition Highlights
  • This is Alpha Group’s 8th and BV Capital Partners’ 2nd transaction in the Retail sector.
  • This is Alpha Group’s 23rd and BV Capital Partners’ 0th largest (disclosed) transaction.
  • This is Alpha Group’s 3rd and BV Capital Partners’ 1st transaction in the Netherlands.
Investment Fate
  • Nexeye was sold to a financial buyer in 2011 for 160M EUR.
  • Nexeye was sold to a consortium of financial buyers in 2017 for 200M EUR.
  • Nexeye was sold to a consortium of financial buyers in 2024.

M&A Deal Summary

Date 2011-04-11
Target Nexeye
Sector Retail
Buyer(s) Alpha Group
BV Capital Partners
Deal Type Secondary Buyout
Deal Value 160M EUR

Target

Nexeye

Gorinchem, Netherlands
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.

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Buyer(S) 2

Buyer

Alpha Group

Paris, France

Investor Investor Investor Investor Investor


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 60 of 78
Sector (Retail) 8 of 8
Type (Secondary Buyout) 9 of 15
Country (Netherlands) 3 of 3
Year (2011) 1 of 2
Size (of disclosed) 23 of 57
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-01 MK Direct

Paris, France

MK Direct is a multi-channel retailer of home linen. The group is composed of two complementary brands, Françoise Saget and Linvosges, addressing different market segments and different types of customers.

Buy €144M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-13 Hyva

Alphen aan den Rijn, Netherlands

Hyva is a provider of hydraulic cylinders and hydraulic tipping solutions for application in heavy-duty transportation equipment used in industries such as infrastructure, mining and environmental services. Hyva was founded in 1979 and is based in Alphen aan den Rijn, Netherlands.

Sell €525M
Buyer

BV Capital Partners

Luxembourg, Luxembourg

Investor


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 7 of 8
Sector (Retail) 2 of 2
Type (Secondary Buyout) 1 of 1
Country (Netherlands) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-01 Teconex

Beyne-Heusay, Belgium

Teconex is a distributor and assembler of electrical equipment sold partly under the Téco brand, and mainly focused on the ‘connection’ between the electricity network and buildings in the Belgian and French market. Teconex was founded in 1951 and is based in Beyne-Heusay, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Induflex

Gent, Belgium

Induflex is a manufacturer of high quality specialty laminates, multilayer tapes, insulation foils and shielding products that are used in a variety of electrical cabling, data communications and other industrial applications. Induflex was founded in 1979 and is based in Gent, Belgium.

Sell -