M&A Deal Summary

Vision Express Group Acquires Tesco - Opticians Business

On April 19, 2017, Vision Express Group acquired retailer Tesco - Opticians Business from Tesco

Acquisition Highlights
  • This is Vision Express Group’s 1st transaction in the Retail sector.
  • This is Vision Express Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2017-04-19
Target Tesco - Opticians Business
Sector Retail
Buyer(s) Vision Express Group
Sellers(s) Tesco
Deal Type Divestiture

Target

Tesco - Opticians Business

United Kingdom
Tesco Plc - Opticians Business operates in the UK and Republic of Ireland.

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Buyer(S) 1

Buyer

Vision Express Group

Nottingham, United Kingdom

Category Company
Founded 1987
Sector Retail
DESCRIPTION

Vision Express has become the first major optician to offer their customers interest free credit on eyewear through their larger stores. Customers can now pay just 10% of the total cost at the point of purchase and walk away with their new glasses on the same day, paying the rest of the cost in monthly sums over 6 or 12 months.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Tesco

Welwyn Garden City, United Kingdom

Category Company
Founded 1919
Sector Retail
Employees340,000
Revenue 69.9B GBP (2025)
DESCRIPTION

Tesco is a multinational grocery and general merchandise retailer. Tesco was founded in 1919 and is based in Welwyn Garden City, England.


DEAL STATS #
Overall 6 of 8
Sector: Retail M&A 4 of 6
Type: Divestiture M&A Deals 4 of 6
Country: United Kingdom M&A 3 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-27 Booker Group

Wellingborough, United Kingdom

Booker Group is a UK food wholesaler. The Group now comprises Booker Wholesale, Makro, Booker Direct, Classic Drinks, Ritter Courivaud, Chef Direct, Premier, Family Shopper, Budgens, Londis and Booker India. Booker Group was formed in 20014 and is based in Wellingborough.

Buy £3.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-09 Tesco - Thailand and Malaysia Operations

Bangkok, Thailand

Tesco Plc's Thailand and Malaysia Operations compromise retail stores based in Thailand and Malaysia.

Sell $11M