Private equity fund Innova Capital sold Optical Investment Group to EssilorLuxottica

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Private equity fund Innova Capital sold Optical Investment Group to EssilorLuxottica, a global leader in the design, manufacture and distribution of ophthalmic lenses, frames and sunglasses. Optical Investment Group is one of the leading retailers of optical eyecare and eyewear products on the Romanian market.

With a network of 99 stores in Bucharest and main cities in Romania, the group boasts the largest optical retail presence in the country under the OPTIblu, Optiplaza and O51 brands. The transaction is subject to customary regulatory approvals.

RTPR firm law has assisted private equity fund Innova Capital in relation to the sale of Optical Investment Group.

We are excited to celebrate another successful deal with Innova. Their continued trust is a testament to our team’s dedication and expertise, and a source of great pride for us. It honours and motivates us to continue with the same enthusiasm each time and inspires us to maintain our commitment to excellence for our clients”, said Alina Stavaru, Partner of RTPR.

We enjoyed an excellent collaboration with the Innova team throughout all stages of this complex and interesting transaction. We are thrilled to see that our efforts to identify the best solutions for all parties involved have successfully led to the desired outcome. I hope we will have the opportunity to work together on other projects in the near future”, said Andrei Tosa, Managing Associate at RTPR.

Last year, the RTPR team assisted Innova Capital in three buy-side mandates: a majority stake in EMI (EMI Equipement Maintenance Industrie S.A.), market leader in industrial access systems, followed by the acquisition of KADRA, the only Romanian company that offers technical integrated solutions in access engineering and access management by EMI Group, as well as a majority stake in the NETOPIA Group, one of the best known payment service providers (PSP) in Romania. In 2020, the law firm advised the private equity fund on the acquisition of PayPoint Services SRL and Payzone SA from the PayPoint group.

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