M&A Deal Summary

Europa Eyewear Acquires eyebobs

On April 12, 2023, Europa Eyewear acquired retailer eyebobs from Norwest Equity Partners

Acquisition Highlights
  • This is Europa Eyewear’s 1st transaction in the Retail sector.
  • This is Europa Eyewear’s 1st transaction in the United States.
  • This is Europa Eyewear’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2023-04-12
Target eyebobs
Sector Retail
Buyer(s) Europa Eyewear
Sellers(s) Norwest Equity Partners
Deal Type Add-on Acquisition

Target

eyebobs

Minneapolis, Minnesota, United States
eyebobs is a purveyor of style-centric, premium quality eyewear for the “irreverent and slightly jaded” consumer. In the years since its inception, eyebobs has successfully created a niche in the eyewear market by developing a line of distinctive, high-quality reading glasses sold at an exceptional value. eyebobs was founded in 2001 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Europa Eyewear

Vernon Hills, Illinois, United States

Category Company
Founded 1977
Sector Consumer Products
DESCRIPTION

Europa Eyewear is an independent designer and manufacturer of eyewear frames in the United States. It offers a diverse portfolio of 11 independent eyewear brands, including STATE and American Optical Eyewear. Europa Eyewear was founded in 1977 and is based in Vernon Hills, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1961
PE ASSETS 6.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $75 to $175 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 51 of 56
Sector: Retail M&A 3 of 3
Type: Add-on Acquisition M&A Deals 18 of 20
State: Minnesota M&A 11 of 13
Country: United States M&A 49 of 54
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Five Star Business Finance

Chennai, India

Five Star Business Finance is a non-bank finance company providing loans to nearly 40,000 customers. The company focuses on lending to the under-banked population, which typically lacks the financial records necessary to participate in the organized financial sector. Five Star Business Finance was founded in 1984 and is headquartered in Chennai, Tamilnadu.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Bix Produce

Little Canada, Minnesota, United States

Bix Produce processes and distributes the finest quality bulk and pre-cut fruits and vegetables, dairy, and related food items to food service operators, including restaurants, hotels, educational institutions, health care facilities, and country clubs. Bix Produce was founded in 1930 and is based in Little Canada, Minnesota.

Sell -