M&A Deal Summary

GrandVision Acquires Topsa Retail S.A.C.

On July 16, 2014, GrandVision acquired retailer Topsa Retail S.A.C.

Acquisition Highlights
  • This is GrandVision’s 5th transaction in the Retail sector.
  • This is GrandVision’s 1st transaction in Peru.

M&A Deal Summary

Date 2014-07-16
Target Topsa Retail S.A.C.
Sector Retail
Buyer(s) GrandVision
Deal Type Add-on Acquisition

Target

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.

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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 5 of 11
Sector: Retail M&A 5 of 9
Type: Add-on Acquisition M&A Deals 4 of 10
Country: Peru M&A 1 of 1
Year: 2014 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-10 Grupo Optico LUX S.A. de C.V.

Cuauhtemoc, Mexico

Grupo Óptico Lux is located in Mexico City and operates 89 own stores. The company has approximately 900 employees and reported 2011 sales of MXN 749 million (€ 43 million).

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-10 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.

Buy -