CVC Capital Partners Acquires 49% Stake in Star Vision (OLENS)
January 22, 2025
CVC Capital Partners has acquired a 49% stake in Star Vision, the operator of Korea’s colour contact lens brand OLENS, from existing investors PS Alliance and Pearl Investment in a deal valuing the company in the upper KRW 600 billion range. CVC will partner with Star Vision to accelerate the OLENS brand’s global expansion — the company currently operates over 400 outlets across Asia, including recent entry into Japan and locations in Hong Kong and Taiwan.
- Buyers
- CVC Capital Partners
- Targets
- Star Vision (operator of OLENS)
- Sellers
- PS Alliance, Pearl Investment
- Industry
- Consumer Products
- Location
- Seoul, South Korea
- Transaction Type
- Growth capital
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