Add-on Acquisition • Consumer Products

Luxottica Group Acquires Optical Carol

On January 30, 2017, Luxottica Group acquired consumer products company Optical Carol from 3i Private Equity for 110M EUR

Acquisition Context
  • This is Luxottica Group’s 6th transaction in the Consumer Products sector.
  • This is Luxottica Group’s 5th largest (disclosed) transaction.
  • This is Luxottica Group’s 2nd transaction in Brazil.

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M&A Deal Summary

Date January 30, 2017
Target Optical Carol
Sector Consumer Products
Buyer(s) Luxottica Group
Sellers(s) 3i Private Equity
Deal Type Add-on Acquisition
Deal Value 110M EUR

Target Company

Optical Carol

São Paulo, Brazil
Optical Carol sells a broad range of prescription frames and sunglasses. The company was founded in 1997 and is based in São Paulo, Brazil.
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Buyer Overview 1

Buyer

Luxottica Group

Milan, Italy

Category Company
Founded 1961
Sector Consumer Products
Employees79,000
Revenue 8.8B EUR (2015)
DESCRIPTION
Luxottica's North American headquarters in Mason, Ohio.
Luxottica's North American headquarters in Mason, Ohio.

Luxottica is a global producer, distributor, and retailer of sun and prescription eyewear. Luxottica Group S.p.A. was formed in 1961 and is based in Milan, Italy.


Deal Context for Buyer #
Overall 12 of 13
Sector: Consumer Products 6 of 7
Type: Add-on Acquisition 10 of 10
Country: Brazil 2 of 2
Year: 2017 2 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 Óticas Carol S.A.

Sorocaba, Brazil

Óticas Carol S.A. is an optical franchisors in Brazil. Óticas Carol sells a broad range of prescription frames and sunglasses.

Buy €110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-06 Fukui Megane Co.

Sabae, Japan

Fukui Megane Co. Ltd. is a manufacturer in the eyewear district of Fukui specialized in the production of titanium and solid gold eyewear frames. Fukui Megane embodies the excellence and quality of the Japanese eyewear tradition renowned throughout the world for its high craftsmanship, design and fine materials. The company in the town of Sabae, Fukui district, can count on over a hundred of masters in design and engraving of precious metals such as titanium.

Buy -

Seller Profile 1

SELLER

3i Private Equity

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1945
PE ASSETS 21.0B GBP
Size Mega
Type Sector Agnostic
DESCRIPTION

3i Private Equity is the private equity arm of 3i Group, a publicly held, global investment firm focused on private equity and infrastructure investing. 3i Private Equity generally targets buyout and growth capital financings and looks for opportunities across Europe, North America, and Asia. The Firm's targeted transaction range is €100 to €500 million. Industries of interest include business services, healthcare, consumer, media, oil/gas & power, technology, and financial services. 3i Group was originally formed in 1945 and is based in London.


Deal Context for Seller #
Overall 178 of 196
Sector: Consumer Products 8 of 9
Type: Add-on Acquisition 53 of 63
Country: Brazil 1 of 1
Year: 2017 2 of 9
Size (of disclosed) 49 of 78
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-03 Lekolar

Osby, Sweden

Lekolar is a provider of educational and learning material, furniture, toys, stationery, arts & crafts and playground materials to pre-schools and secondary schools. The company is active in Norway, Denmark, Finland. Lekolar was founded in 1884 and is based in Osby, Sweden.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-03 MKM

Hull, United Kingdom

MKM is an independent builders’ merchant, with 47 branches across England and Scotland. The Company aim to be a ‘one stop shop’ for building, timber and plumbing supplies, and stock a wide range of products from the industry’s leading manufacturers all at competitive prices. The Company hold high levels of stock on-site to ensure both our customers in the building trade and the general public can get what they need, when they need it. MKM was founded in 1995 and is based in Hull, United Kingdom.

Sell -