EssilorLuxottica Acquires Optical Investment Group (Romania)
July 30, 2024
EssilorLuxottica has agreed to acquire the entire share capital of Optical Investment Group (OIG), Romania’s leading optical retailer, from Innova/6 (an Innova Capital fund) and a group of individual minority shareholders. OIG operates 99 stores under the OPTIblu, Optiplaza and O51 banners, with over 650 employees; the transaction is expected to close in Q4 2024 subject to regulatory approvals.
- Buyers
- EssilorLuxottica
- Targets
- Optical Investment Group
- Sellers
- Innova/6 (Innova Capital Group), Individual minority shareholders
- Industry
- Retail
- Location
- Romania
- Transaction Type
- Buyout
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