Meller Seals Deal with Lenskart: Arcano Partners Orchestrates Strategic Sale
Deal News | Aug 20, 2025 | Finance Community ES 2 - Corporate M&A
Arcano Partners has advised the shareholders of Meller, a Spanish designer sunglasses brand, in the sale to the Indian firm Lenskart. Meller, headquartered in Barcelona, is a direct-to-consumer (DTC) digital native brand, offering affordable optical fashion. Founded in 2014, it has built significant presence in Europe, with 96% of its products sold directly through its e-commerce platform and 94% of revenue generated outside of Spain. Lenskart, supported by SoftBank, ADIA, and Alphawave, is a tech-driven optical company and a leading brand in India, delivering over 30 million eyewear units annually across various regions including India, Southeast Asia, Middle East, and Japan. Lenskart operates more than 2,500 stores and has extensive manufacturing facilities in India. This acquisition allows Lenskart to enter the European market, while Meller stands to gain from the access to Lenskart’s global scale and cutting-edge technologies.
Sectors
- Optical Fashion
- Private Equity and Investment
- E-commerce and Retail
Geography
- Spain – Meller is a Spanish company based in Barcelona, making Spain a key geography in the article.
- India – Lenskart is an Indian company, and its acquisition of Meller is central to its expansion strategy, highlighting India's relevance.
- Europe – The transaction allows Lenskart entry into the European market, making Europe a notable geography in this context.
Industry
- Optical Fashion – The article is centered around the acquisition of a designer sunglasses brand, Meller, and Lenskart, an optical company; both operate within the optical and eyewear fashion industry.
- Private Equity and Investment – The involvement of SoftBank, ADIA, and Alphawave as investors in Lenskart relates to the broader industry of private equity and investment.
- E-commerce and Retail – Meller's business model is heavily reliant on direct-to-consumer sales through its e-commerce platform, making this classification relevant.
Financials
- Several billion dollars – Lenskart's valuation in its IPO process is described to be several billion dollars.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arcano Partners | Financial Advisor | Company | Arcano Partners acted as the financial advisor to the shareholders of Meller in the sale process. |
| Meller | Target Company | Company | Meller is a Spanish designer sunglasses brand, operating under the DTC model with a strong European market presence. |
| Lenskart | Bidding Company | Company | Lenskart is an Indian optical company, backed by major investors, making a move into the European market via this acquisition. |
| SoftBank Investment Advisers | Investor in Lenskart | Company | SoftBank is a major investor backing Lenskart, facilitating its global expansion. |
| Abu Dhabi Investment Authority (ADIA) | Investor in Lenskart | Company | ADIA is one of the significant investors in Lenskart, supporting its strategic growth. |
| Alphawave Invest | Investor in Lenskart | Company | Alphawave is an investment firm involved with Lenskart, influencing its market strategies. |