EssilorLuxottica Acquires Espansione Group
Deal News | Dec 17, 2024 | Legal Community Italy
EssilorLuxottica, a global leader in eyewear, has signed an agreement to acquire the entirety of Espansione Group, an Italian-based company specializing in medical devices for diagnosing and treating ocular surface and retinal diseases. The transaction is pending regulatory approval and other customary closing conditions. Gatti Pavesi Bianchi Ludovici assisted EssilorLuxottica in the signing of this acquisition, with a team led by managing partner Stefano Valerio. Meanwhile, the shareholders and management of Espansione Group were represented by Legance. The acquisition brings EssilorLuxottica further into the med-tech sector, expanding its offerings into non-invasive medical devices.
Sectors
- Medical Technology (Med-Tech)
- Eyewear and Optics
- Legal Advisory
Geography
- Italy – Espansione Group is a company based in Italy, and various Italian legal firms such as Gatti Pavesi Bianchi Ludovici and Legance are involved.
- France – EssilorLuxottica is a French-Italian multinational corporation with operational and strategic interests in France.
Industry
- Medical Technology (Med-Tech) – Espansione Group specializes in the production of medical devices for ocular health, making Med-Tech a relevant classification.
- Eyewear and Optics – EssilorLuxottica is a global leader in the eyewear industry, which is closely related to the products by Espansione Group.
- Legal Advisory – Multiple law firms, including Gatti Pavesi Bianchi Ludovici, are involved in the legal aspects of the acquisition.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EssilorLuxottica | Acquirer | Company | A major global player in the eyewear industry, involved in the acquisition of Espansione Group. |
| Espansione Group | Target Company | Company | An Italian med-tech company focusing on non-invasive medical devices for eye health. |
| Gatti Pavesi Bianchi Ludovici | Legal Advisor to EssilorLuxottica | Company | An Italian law firm assisting EssilorLuxottica in the acquisition process. |
| Legance | Legal Advisor to Espansione Group | Company | An Italian law firm representing the shareholders and management of Espansione Group. |
| Andrea Iovino | Legal Advisor to Selling Shareholder | Person | Partner at BLF law firm assisting the selling shareholder, Rodolfo Pomar. |
| Massimiliano Gottardi | Tax Advisor | Company | Provided tax advisory services for the transaction. |
| Analisi | Financial Advisor | Company | Served as financial advisor for the acquisition. |