Frankfurt, 14 February 2019. Essilor accelerates its digital strategy with the acquisition of Germany-based Brille24, a leading optical e-commerce platform.
On 11 February 2019, Essilor International, an EssilorLuxottica subsidiary, announced the signature of an agreement to acquire Brille24, a German pioneer of optical e-commerce.
Essilor further strengthens its development strategy in Germany, the fifth largest ophthalmic optics industry in the world (source: Essilor). To speed up the development of a drive-to-store model that gives consumers access to the latest digital technologies combined with the expertise of independent opticians, Essilor signed an agreement to acquire 100% of Brille24, one of the leading online retailers of optical products in Germany with annual revenue of close to EUR 25 million.
The acquisition of Brille24 is subject to approval of the German competition authority (Bundeskartellamt).
Brille24 and its shareholders were supported by ACXIT Capital Partners as Exclusive Financial Advisor. Legal advice was provided by law firm TaylorWessing.
Christophe Hocquet, CEO of Brille24, commented: “We are very excited to be entering the next stage of Brille24’s growth journey with a global partner like EssilorLuxottica. The team of ACXIT Capital Partners has done a great job helping us navigate through this transaction and achieve a great result for everyone involved.”
About ACXIT
ACXIT Capital Partners is a leading independent corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, ACXIT offers its clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, equity/debt and strategic advisory. As an independent, privately owned firm we maintain offices and representations in Frankfurt, Berlin, Munich, Leipzig, Zurich, Hong Kong and New York, as well as strong alliances in France, China and India. (www.acxit.com)
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