Joint Venture • Consumer Products

EssilorLuxottica and Cooper Companies Acquire SightGlass Vision

On February 3, 2021, EssilorLuxottica and Cooper Companies acquired consumer products company SightGlass Vision

Acquisition Context
  • This is EssilorLuxottica’s 40th and Cooper Companies’ 2nd transaction in the Consumer Products sector.
  • This is EssilorLuxottica’s 14th and Cooper Companies’ 7th transaction in the United States.
  • This is EssilorLuxottica’s 5th and Cooper Companies’ 3rd transaction in California.

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M&A Deal Summary

Date February 3, 2021
Target SightGlass Vision
Sector Consumer Products
Buyer(s) EssilorLuxottica
Cooper Companies
Deal Type Joint Venture

Target Company

SightGlass Vision

Palo Alto, California, United States
SightGlass Vision is a life sciences company focused on developing innovative spectacle lenses to reduce the progression of myopia in children. SightGlass Vision is based in Palo Alto, California.
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Buyers Overview 2

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 Context for Buyer #
Overall 53 of 64
Sector: Consumer Products 40 of 43
Type: Joint Venture 4 of 4
State: California 5 of 5
Country: United States 14 of 16
Year: 2021 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 GrandVision

Schiphol, Netherlands

GrandVision is a provider in optical retailing and delivers high quality and affordable eye care to more and more customers around the world. GrandVision includes a wide range of services provided by its vision experts, prescription glasses including frames and lenses, contact lenses and contact lens care products, and sunglasses both plain and with prescription lenses. GrandVision was incorporated in 1891 and is based in Schiphol, the Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-25 Walman

Minneapolis, Minnesota, United States

Formed in 1915, Walman is focused on providing eye care services for patients. It delivers the speed, accuracy, and service ECPs need and deserve to ensure their patients know they are the only choice for their eye care. Walman is based in Minneapolis, Minnesota.

Buy -
Buyer

Cooper Companies

San Ramon, California, United States

Category Company
Founded 1980
Sector Medical Products
Employees16,000
Revenue 3.9B USD (2024)
DESCRIPTION

Cooper Companies is a medical device company. Cooper operates through two business units, CooperVision and CooperSurgical. CooperVision provides products for contact lens wearers. CooperSurgical focuses on supplying women's health clinicians with products and treatment options to improve the delivery of healthcare to women. Cooper Companies was founded in 1980 and is based in San Ramon, California.


Deal Context for Buyer #
Overall 9 of 14
Sector: Consumer Products 2 of 2
Type: Joint Venture 1 of 1
State: California 3 of 4
Country: United States 7 of 11
Year: 2021 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-03 The LifeGlobal Group

Guilford, Connecticut, United States

The LifeGlobal Group is a provider of an in-vitro fertilization (IVF) devices. The LifeGlobal Group is based in Guilford, Connecticut.

Buy $125M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Safe Obstetric Systems

Brentwood, United Kingdom

Safe Obstetric Systems is a medical device company, that manufactures the Fetal Pillow® device. Fetal Pillow is a balloon device designed to elevate a deeply impacted fetal head and facilitate delivery of the fetus in women requiring a cesarean section after a failed instrumental vaginal delivery. Safe Obstetric Systems was founded in 2006 and is based in Brentwood, United Kingdom.

Buy $48M