Deals
Apax Nears Deal for $1.8 Billion German Eyewear Firm Rodenstock
- Private equity firm acquiring business from Compass Partners
- Rodenstock is betting on customized progressive lenses
Photographer: NurPhoto/Getty Images
This article is for subscribers only.
Apax Partners is set to acquire Rodenstock Group, becoming the German eyeglass-lens maker’s fourth private equity owner in less than 20 years.
Compass Partners reached a deal to sell the business to Apax after five years of ownership, according to a statement Wednesday, which confirmed an earlier Bloomberg News report. The transaction could value Rodenstock at about 1.5 billion euros ($1.8 billion) including debt, people with knowledge of the matter said, asking not to be identified because the information is private.