Translink Corporate Finance
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December 2020: Fielmann AG acquired 80% in Óptica Universitaria

Industry: Retail/Optical market

Translink Corporate Finance advised Fielmann, a German Stock-listed family business leading producer and marketer of prescription eyeglasses, specialty glasses, sunglasses, contact lenses, and optical supplies designer, on the acquisition of 80% of Óptica del Penedés (Óptica Universitaria), the third largest optical retail chain in Spain. The transaction was closed on December 17th, 2020.

With about 400.000 glasses sold and more than 100m EUR in sales (2019) Óptica Universitaria is the third largest retail chain in Continental Europe’s fourth-largest optical market. The family business currently operates 80 stores with more than 1.000 employees in Spain. In times of the coronavirus pandemic, the company outperformed its competition and gained additional market share.

With Óptica Universitaria Fielmann acquires one of the leading optical businesses in Spain. Through synergies within the Fielmann Group, Fielmann will further accelerate the growth of Óptica Universitaria in its long-term plan to sell more than 800.000 glasses and generate sales of more than 250m EUR on a yearly basis.

Manuel Caballero and Rufo Gomez, founders of Óptica Universitaria, retain a 20% equity stake and remain involved in the business.

Rationale for the transaction:

International expansion of Fielmann AG as part of the long-term growth strategy.