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  5. GrandVision Acquires Angelo Randazzo Srl

M&A Deal Summary

GrandVision Acquires Angelo Randazzo Srl

On December 10, 2014, GrandVision acquired retailer Angelo Randazzo Srl

Acquisition Highlights
  • This is GrandVision’s 6th transaction in the Retail sector.
  • This is GrandVision’s 1st transaction in Italy.

M&A Deal Summary
Date 2014-12-10
Target Angelo Randazzo Srl
Sector Retail
Buyer(s) GrandVision
Deal Type Add-on Acquisition

Target

Angelo Randazzo Srl

Palermo, Italy
Angelo Randazzo Srl operates 101 optical retail stores in Italy under the brand name “Optissimo” and 89 points of sale in supermarkets. Randazzo reported 2013 revenues of € 105 million and has approximately 1,000 employees.

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Buyer(S) 1

Buyer

GrandVision

Schiphol, Netherlands
Category Company
Founded 1891
Sector Retail
Employees32,609
Revenue 3.5B EUR (2020)
DESCRIPTION

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.

DEAL STATS #
Overall 6 of 11
Sector (Retail) 6 of 9
Type (Add-on Acquisition) 5 of 10
Country (Italy) 1 of 1
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-16 Topsa Retail S.A.C.

Chorrillo, Peru

Topsa Retail S.A.C. is located in Lima and operates 176 own retail stores, mainly in Lima and a number of other large cities in Peru.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 For Eyes Optical

Hialeah, Florida, United States

For Eyes Optical Co. Inc. operates through a network of 116 owned stores. These are located mostly in the metropolitan areas of Chicago, Washington DC and Philadelphia, as well as in Florida and California.

Buy -
Mergr

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