M&A Deal Summary

Luxottica Group Acquires Óticas Carol S.A.

On January 30, 2017, Luxottica Group acquired retailer Óticas Carol S.A. for 110M EUR

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

M&A Deal Summary

Date 2017-01-30
Target Óticas Carol S.A.
Sector Retail
Buyer(s) Luxottica Group
Deal Type Add-on Acquisition
Deal Value 110M EUR

Target

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.

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Buyer(S) 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 STATS #
Overall 12 of 13
Sector: Retail M&A 6 of 6
Type: Add-on Acquisition M&A Deals 10 of 10
Country: Brazil M&A 2 of 2
Year: 2017 M&A 2 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-30 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.

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 -