CVC Capital Partners Ltd., one of Europe’s largest private-equity firms, agreed to buy Nordic optician Synsam Nordic A/S from Swedish investment company Alipes AB for an undisclosed sum.
Synsam, which was founded in 1968 by a group independent opticians in Sweden adopting a common brand name, has more than 420 stores and reported about SEK 3 billion ($469 million) of revenue in 2013, CVC said in an e-mailed statement today.
“CVC has an excellent track record of making long-term, value-creating investments in its portfolio companies and has extensive experience within retail,” Joakim Forsell, chief executive officer of Synsam, said in the statement. “Our common objective is to continue to grow the company, both organically and through acquisitions.”
Alipes, owned by Inter IKEA Investments and Ikano, invests mainly in the Nordic retail and consumer sector. Financing for the deal was led by Nordea Bank AB. (NDA)
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