December 17, 2020

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

Translink Corporate Finance advised Fielmann AG, 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. 

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 AG 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.

As a stock-listed family business Fielmann AG 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.

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.

Óscar Llaudet, Partner WindCorp Translink in Spain, Rubén Sánchez, Director WindCorp Translink in Spain and Andreas Huechting, Partner Translink in Germany, have participated in the operation as financial advisers to Fielmann AG.

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