#Fielmann

As of September 1st, 2019, the MDAX-listed Fielmann AG, Hamburg, acquires 70% of the shares of the Slovenian optical store chain operator Optika Clarus. Network Corporate Finance advised the Fielmann AG exclusively on the transaction.

#Key data

Industry: Retail & eCommerce
Client: Fielmann
Project type: M&A
Description: Acquisition by strategic investor
Date: September 2019

Transaction

With this acquisition, Fielmann is adding the 14th European market in which the Group operates stores. Operating 26 optical stores and having a unit market share of 30%, Optika Clarus is the undisputed market leader in Slovenia. Within the Fielmann Group, Slovenia is the country with the highest purchasing power (GDP per capita: 22,000 EUR) east of the Group‘s Core Markets. The takeover is part of the expansion strategy through which Fielmann wants to scale its business in additional four markets by 2025 through organic growth and further acquisitions.


 

The Company

Fielmann is market leader in the central European optical market and operates 742 stores across 14 European countries. 24 million customers wear eye accessories from Fielmann. In Germany, the company sells every second pair. Fielmann covers the whole value chain of the optical industry, is designer, manufacturer and optical retailer.

For additional information on Fielmann: www.fielmann.eu

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