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M&A Deal Summary

Paragon Partners Acquires pro optik

On July 23, 2019, private equity firm Paragon Partners acquired retailer pro optik

Acquisition Highlights
  • This is Paragon Partners’ 2nd transaction in the Retail sector.
  • This is Paragon Partners’ 20th transaction in Germany.

M&A Deal Summary
Date 2019-07-23
Target pro optik
Sector Retail
Buyer(s) Paragon Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

pro optik

Wendlingen, Germany
pro optik Augenoptik is an optical retail chain grown from a single store to the third-largest optician chain in Germany. The product range includes both branded designer frames as well as value-for-money private label frames in combination with high-quality lenses, selling around 400,000 pairs of glasses per year. pro optik was founded in 1987 and is based in Wendlingen, Germany.

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Buyer(S) 1

Buyer

Paragon Partners

Munich, Germany

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 1.2B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Paragon Partners is an independent private equity group focused on investments within German speaking Europe (Germany, Austria, Switzerland). The Firm does not have any sector preferences, generally targeting profitable companies (EBIT of €5 to €70 million) with attractive business models and 'outstanding' management. Paragon Partners was formed in 2004 and is based in Munich.

DEAL STATS #
Overall 26 of 33
Sector: Retail M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 11
Country: Germany M&A 20 of 26
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-05 DUO PLAST

Lauterbach, Germany

DUO PLAST is a manufacturer of high-performance stretch films used for load securing in the freight, agriculture and food packaging industries. Customers receive advice on the optimized use of packaging film in the in-house DUO LAB, the right hardware for processing the film, and film with superior strength and stretchability characteristics. The company serves over 1,600 customers in the beverages & food, agricultural, non-food consumer goods, chemical and pharmaceutical industries – primarily from Austria, France and BeNeLux. DUO PLAST was founded in 1983 and is based in Lauterbach, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-02 dtms

Mainz, Germany

dtms GmbH is a provider of contact center solutions and customer intelligence technology in the German-speaking area. Platforms for controlling the telephone accessibility of companies and the use of artificial intelligence to automatically answer customer queries play a decisive role. dtms was established in 1998 and is based in Mainz, Germany.

Sell -
Mergr

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