M&A Deal Summary

EssilorLuxottica Acquires FGX International

On December 16, 2009, EssilorLuxottica acquired consumer products company FGX International from Berggruen Holdings for 565M USD

Acquisition Highlights
  • This is EssilorLuxottica’s 2nd transaction in the Consumer Products sector.
  • This is EssilorLuxottica’s 3rd largest (disclosed) transaction.
  • This is EssilorLuxottica’s 2nd transaction in the United States.
  • This is EssilorLuxottica’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2009-12-16
Target FGX International
Sector Consumer Products
Buyer(s) EssilorLuxottica
Sellers(s) Berggruen Holdings
Deal Type Add-on Acquisition
Deal Value 565M USD
Advisor(s) Lazard Ltd. (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

FGX International

Smithfield, Rhode Island, United States
FGX International Holdings Limited is a designer and marketer of non-prescription reading glasses and sunglasses.

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Buyer(S) 1

Buyer

EssilorLuxottica

Paris, France
Category Company
Founded 1849
Sector Consumer Products
Employees151,292
Revenue 25.4B EUR (2023)
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 3 of 57
Sector (Consumer Products) 2 of 41
Type (Add-on Acquisition) 3 of 40
State (Rhode Island) 1 of 2
Country (United States) 2 of 16
Year (2009) 1 of 1
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-20 Sutherlin Optical

Kansas City, Missouri, United States

Sutherlin Optical, Inc. is a manufacturer of lenses in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-22 Danyang ILT Optics

China

Danyang ILT Optics Co. Ltd. is a manufacture of ophthalmic lens.

Buy -

Seller(S) 1

SELLER

Berggruen Holdings

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1986
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Berggruen Holdings, Inc. is a private holding company that seeks investments in private equity, real estate, alternative energy, stocks and bonds, hedge funds, and other private equity funds. Berggruen's direct private equity group targets investments in mid-market, cash-flow positive businesses operating in a wide variety of industries. The Firm can invest up to $200 million per transaction and will consider opportunities in the US, Europe, Asia, and other emerging markets. Berggruen Holdings looks to partner with management teams when pursuing opportunities. Berggruen Holdings, Inc. was established in 1986 and has offices in New York, Los Angeles, London, Berlin, Tel Aviv, Mumbai, and Istanbul.

DEAL STATS #
Overall 1 of 7
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Rhode Island) 1 of 1
Country (United States) 1 of 3
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-14 GEAR

Navi Mumbai, India

GEAR is a Warehousing/Intralogistics Material Handling Equipment (MHE) rental service provider. GEAR was founded in 2007 and is based in Navi Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 Phoenix

London, United Kingdom

Phoenix provides a range of products through our trusted pensions, savings, and life insurance brands. Phoenix was founded in 1782 and is based in London, England.

Sell -
Mergr

Product

Company

Legal