Translink advises Fielmann AG on the acquisition of an 80% stake in Óptica del Penedés (Óptica Universitaria)

Translink advises Fielmann AG on the acquisition of an 80% stake in Óptica del Penedés (Óptica Universitaria)

Buyer

TransaCtion

acquires 80% in

Target

DatE

2020

Information about the Buyer

As a stock-listed family business Fielmann operates its own design studios, production facilities and about 900 stores across 15 European countries. With its omnichannel business model, the company serves more than 25 million customers. Its main products are eyewear, contact lenses and hearing aids. Fielmann owes its success to its more than 22.000 employees who embody the company’s customer-centric philosophy. In 2019, Fielmann sold 8,3m glasses, generated external sales (incl. VAT) of 1,76bn EUR and a pre-tax profit of 253,8m EUR.

www.fielmann.de

Information about the Target

Founded in 1992, Óptica Universitaria achieved a strong market position thanks to a clear focus on the client and an offer of best brands at the best prices. The family business soon became one of the leading 3 chains in Spain and today operates 80 shops in Alicante, Barcelona, Castellón, Girona, Lleida, Madrid, Murcia, the Balearic Islands, Tarragona, Valencia and Zaragoza. In 2019, Óptica Universitaria generated sales of 100m EUR.

www.opticauniversitaria.es

Team

Andreas Hüchting

“We are proud to having worked with Fielmann AG on this acquisition project. Óptica Universitaria is the perfect step for Fielmann in the Spanish market and a great platform for further dynamic growth.”