Vision Group Strengthens Market Position with Acquisition of Invista-Optoteam

Deal News | Dec 17, 2024 | Finance Community IT - 1 Corporate M&A

Vision Group Strengthens Market Position with Acquisition of Invista-Optoteam

Vision Group, an Italian optical product distribution network with over 2,700 optical centers, has completed the acquisition of Invista-Optoteam and Ottica Mannucci. The strategic integration aims to enhance market presence and improve services for affiliates and consumers. LABS Corporate Finance served as the financial advisor, with legal and financial support from LCA Studio Legale, Studio Caravati Pagani, and LP Milano Advisory. Invista-Optoteam, known for its innovative solutions and customer service, operates 12 optical centers in Tuscany and manages 200 affiliated centers. The acquisition reflects Vision Group's commitment to sustainable growth and aligns with its values. Marco Procacciante of Vision Group and Massimo Zebi of Optoteam expressed mutual respect and a shared vision for the future.

Sectors

  • Optical Products Distribution
  • Corporate Finance Advisory
  • Legal Advisory

Geography

  • Italy – The article centers around companies and transactions within Italy, such as Vision Group and Invista-Optoteam.
  • Tuscany – Region-specific reference as Invista operates optical centers in Tuscany.

Industry

  • Optical Products Distribution – The industry involves the distribution and retailing of optical products, such as eyeglasses and contact lenses. This is the main business activity of Vision Group and Invista-Optoteam.
  • Corporate Finance Advisory – Involves financial consulting services for acquisitions and mergers, as seen with LABS Corporate Finance's role in advising Vision Group.
  • Legal Advisory – Legal support in M&A transactions, exemplified by LCA Studio Legale's involvement with Vision Group.

Financials

    Participants

    NameRoleTypeDescription
    Vision GroupAcquirerCompanyA leading network of optical product distribution centers in Italy.
    Invista-OptoteamTargetCompanyA group specializing in optical distribution with a strong reputation for quality and service.
    Ottica MannucciTargetCompanyA historical optical center in Prato, Italy, known for optical services and product sales.
    LABS Corporate FinanceFinancial AdvisorCompanyProvided financial advisory services to Vision Group for the acquisition.
    LCA Studio LegaleLegal AdvisorCompanyProvided legal advisory services for the transaction.
    Studio Caravati PaganiTax and Accounting AdvisorCompanyAdvised on the accounting and fiscal aspects of the transaction.
    LP Milano AdvisoryDue Diligence AdvisorCompanyConducted financial due diligence for the transaction.
    Studio Leonardo MannelliSell Side AdvisorCompanyAdvised Optoteam in the sell-side capacity.