M&A Deal Summary

HOYA Acquires Performance Optics

On October 12, 2016, HOYA acquired consumer products company Performance Optics from Wind Point Partners

Acquisition Highlights
  • This is HOYA’s 4th transaction in the Consumer Products sector.
  • This is HOYA’s 4th transaction in the United States.
  • This is HOYA’s 2nd transaction in Minnesota.

M&A Deal Summary
Date 2016-10-12
Target Performance Optics
Sector Consumer Products
Buyer(s) HOYA
Sellers(s) Wind Point Partners
Deal Type Add-on Acquisition

Target

Performance Optics

Ramsey, Minnesota, United States
Performance Optics LLC is a global ophthalmic lens manufacturer specializing in polycarbonate, photochromic, polarized and high index eyeglass lenses.

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Buyer(S) 1

Buyer

HOYA

Tokyo, Japan
Category Company
Founded 1941
Sector Electronics
Employees35,702
Revenue 792.6B JPY (2024)
DESCRIPTION

HOYA is a manufacturing optical products such as photomasks, photomask blanks and glass magnetic-memory disks, contact lenses and eyeglass lenses using wavefront technology. HOYA was founded in 1941 and is based in Tokyo, Japan.

DEAL STATS #
Overall 6 of 6
Sector (Consumer Products) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (Minnesota) 2 of 2
Country (United States) 4 of 4
Year (2016) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-12 Daemyung Optical

Daejeon, South Korea

Daemyung Optical Co., Ltd. is an optical lens manufacturer in Korea, and specializes in cast high-index lenses.

Buy -

Seller(S) 1

SELLER

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.

DEAL STATS #
Overall 34 of 56
Sector (Consumer Products) 5 of 9
Type (Add-on Acquisition) 18 of 26
State (Minnesota) 6 of 6
Country (United States) 33 of 51
Year (2016) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-31 STG Logistics

Bensenville, Illinois, United States

STG Logistics is a provider of facilities-based containerized logistics services including container deconsolidation, reconsolidation, transloading, warehousing, and outsourced transportation solutions including final mile delivery. STG Logistics was founded in 1985 and is based in Bensenville, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-28 Novolex

Hartsville, South Carolina, United States

Novolex is a manufacturer of paper and plastic flexible packaging products. Novolex serves customers across foodservice, grocery, retail, and industrial end markets with a diverse product portfolio including retail and specialty bags, food packaging products, and a broad range of specialty films and laminated products. Novolex was founded in 2003 and is headquartered in Hartsville, South Carolina.

Sell -
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