M&A Deal Summary

GrandVision Acquires Lafam S.A.S.

On January 27, 2011, GrandVision acquired retailer Lafam S.A.S.

Acquisition Highlights
  • This is GrandVision’s 2nd transaction in the Retail sector.
  • This is GrandVision’s 1st transaction in Colombia.

M&A Deal Summary

Date 2011-01-27
Target Lafam S.A.S.
Sector Retail
Buyer(s) GrandVision
Deal Type Add-on Acquisition

Target

Lafam S.A.S.

Bogota, Colombia
LAFAM S.A.S is located in Bogota and operates 38 stores including 3 laser clinics under the Lafam Vision Center name. The company has approximately 160 employees and reported a net revenue of 19 Billions COP (7.5 Mio Euros) in 2009.

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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 2 of 11
Sector (Retail) 2 of 9
Type (Add-on Acquisition) 1 of 10
Country (Colombia) 1 of 1
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-23 Tide Ti

Cancun, Mexico

Tide Ti is located in Cancun, Mexico, and operates 57 stores under the Sunglass Island and Optical Island brands. The company has approximately 370 employees and reported 2009 net revenues of MXN 322 million (€ 20 million).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-31 Optical Service Group B.V.

Gorinchem, Netherlands

Optical Service Group operates 89 optical retail stores in the Netherlands under the brand name “Het Huis” and has partner contracts with 18 independent optical retail stores that also operate under the “Het Huis” brand.

Buy -