CVC Capital Partners Agrees to Acquire Synsam Nordic

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)

To contact the reporter on this story: Kiel Porter in London at kporter17@bloomberg.net

To contact the editors responsible for this story: Keith Campbell at k.campbell@bloomberg.net Jon Menon

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.