M&A Deal Summary

EssilorLuxottica Acquires MyOptique Group

On August 16, 2016, EssilorLuxottica acquired internet software and services company MyOptique Group from Cipio Partners, Beringea and Acton Capital

Acquisition Highlights
  • This is EssilorLuxottica’s 1st transaction in the Internet Software and Services sector.
  • This is EssilorLuxottica’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2016-08-16
Target MyOptique Group
Sector Internet Software and Services
Buyer(s) EssilorLuxottica
Sellers(s) Cipio Partners
Beringea
Acton Capital
Deal Type Add-on Acquisition

Target

MyOptique Group

London, United Kingdom
MyOptique Group Ltd. is an online optical segment with a full offering covering all three major segments in the eyewear market prescription glasses, contact lenses and sunglasses via its Glasses Direct, Sunglasses Shop, LensOn and MyOptique websites.

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Buyer(S) 1

Buyer

EssilorLuxottica

Paris, France

Category Company
Founded 1849
Sector Consumer Products
Employees200,076
Revenue 26.5B EUR (2024)
DESCRIPTION

EssilorLuxottica is a provider of vision solutions and design to manufacture, the group develops a wide range of lenses to correct and protect eyesight. EssilorLuxottica was founded in 1849 and is based in Paris, France.


DEAL STATS #
Overall 49 of 63
Sector: Internet Software and Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 36 of 46
Country: United Kingdom M&A 2 of 3
Year: 2016 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-23 VisionDirect.co.uk

London, United Kingdom

Vision Direct sells contact lenses and prescription glasses online in Europe. The company offers a huge selection of contact lenses from all the leading suppliers at extremely compelling prices from its base in the Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-16 Luxottica Group

Milan, Italy

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.

Buy €46.0B

Seller(S) 3

SELLER

Cipio Partners

Munich, Germany

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

Cipio Partners is an investment management firm focused on secondary investments, as well as early and later-stage venture capital transactions. Sectors of interest include technology, media, and communications. Cipio Partners was formed in 2003 and is based in Munich, Germany.


DEAL STATS #
Overall 59 of 68
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 29 of 35
Country: United Kingdom M&A 3 of 4
Year: 2016 M&A 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-20 Impinj

Seattle, Washington, United States

Impinj is a designer and marketer of Radio Frequency Identification (RFID) silicon chips and systems that will enable the wide-scale use of RFID technology throughout numerous supply chain applications. Impinj was founded in 2000 and is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-14 1-2-3.tv

Braunschweig, Germany

1-2-3.tv operates as a television broadcasting station that telecasts home shopping auctioneering programs. 1-2-3.tv was founded in 2004 and is based in Braunschweig, Germany.

Sell -
SELLER

Beringea

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 715M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.


DEAL STATS #
Overall 12 of 46
Sector: Internet Software and Services M&A 1 of 10
Type: Add-on Acquisition M&A Deals 8 of 30
Country: United Kingdom M&A 6 of 27
Year: 2016 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 Big Data Partnership

London, United Kingdom

Big Data Partnership Ltd. is a big data specialist solution provider. The company offers data science, big data engineering and certified training and support to diverse industries, including web, financial services, telecoms, utilities, defense and media.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 Peerius

London, United Kingdom

Peerius Ltd. is a provider of intelligent omnichannel personalization in the cloud, accelerating the third wave of smart personalization technology called autonomous personalization.

Sell -
SELLER

Acton Capital

Investor Investor Investor Investor Investor


Category Venture Capital Firm
Founded 1999
PE ASSETS 600M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Acton Capital is a late-stage venture capital firm focused on investing in web-based companies benefiting from the 'digital revolution'. The Firm has a special interest in companies and sectors benefiting from the transition to online activity and will consider opportunities across Europe and North America. Acton Capital Partners was formed in 1999 and is headquartered in Munich, Germany.


DEAL STATS #
Overall 7 of 18
Sector: Internet Software and Services M&A 2 of 7
Type: Add-on Acquisition M&A Deals 4 of 10
Country: United Kingdom M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-01 COMATCH

Berlin, Germany

COMATCH is an online platform for independent freelance consultants and industry experts, COMATCH is matching consultants with clients in need of external support. Companies of all sizes use COMATCH to find tailor-made consulting, among them multi-national corporates, consultancies, SMEs, or startups. COMATCH was founded in 2014 and is based in Berlin, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-14 Zenjob

Berlin, Germany

Zenjob is a digital staffing agency that arose as a response to the growing demand for flexibility and digitization in HR. Zenjob is a tech company and with a license as temp-agency Zenjob connects supply and demand and processes jobs end to end. This includes interviewing, hiring, staffing, and payrolling. Zenjob was founded in 2015 and is based in Berlin, Germany.

Buy -