M&A Deal Summary

Nexeye Acquires Eyes and More NL

On December 11, 2018, Nexeye acquired consumer products company Eyes and More NL from Vendis Capital

Acquisition Highlights
  • This is Nexeye’s 1st transaction in the Consumer Products sector.
  • This is Nexeye’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2018-12-11
Target Eyes and More NL
Sector Consumer Products
Buyer(s) Nexeye
Sellers(s) Vendis Capital
Deal Type Add-on Acquisition

Target

Eyes and More NL

Son, Netherlands
eyes + more operates 170 stores, of which 119 in Germany, 33 in the Netherlands, 10 in Belgium and 8 in Austria. It sells a range of c. 800 prescription glasses and private label sunglasses. eyes + more was founded in 2005 and is based in Son, Netherlands.

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Buyer(S) 1

Buyer

Nexeye

Gorinchem, Netherlands

Category Company
Founded 1982
Sector Retail
Employees3,500
DESCRIPTION

Nexeye is an optical retail chain. The company offers a range of private label and branded spectacles, as well as hearing aids, contact lenses and sunglasses, at average price points significantly below its major competitors. Nexeye was established in 1982 and is based in Gorinchem, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Vendis Capital

Diegem, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

Vendis Capital is an independent, Western European private equity firm focused on opportunities in the consumer sector. Vendis invests in branded consumer companies including retail, food, consumer goods, and consumer services. The Firm will consider majority and minority positions and generally seeks to commit €5 to €25 million in companies generating up to €120 million in revenue. Funds are generally used to support internal growth, acquisitions, full or partial liquidity to stakeholders, management buyouts, and corporate divestitures. Vendis Capital was formed in 2009 and is based in Brussels.


DEAL STATS #
Overall 5 of 11
Sector: Consumer Products M&A 3 of 5
Type: Add-on Acquisition M&A Deals 3 of 5
Country: Netherlands M&A 2 of 5
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-23 Kamera Express

Capelle aan den IJssel, Netherlands

Kamera Express is a retailer in photo and video equipment in the Benelux. The Company operates 16 superstores, of which 15 in the Netherlands and 1 in Belgium, together with a successful webshop. Kamera Express was founded in 1995 and is based in Capelle aan den IJssel, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-12 Alpine

Utrecht, Netherlands

Alpine is a hearing protection brand, marketing premium products around the globe. Alpine was founded in 1994 and is based in Utrecht, Netherlands.

Buy -