News

OPTIblue and Klarmann to be taken over by Innova Capital

July 15, 2019

Popovici Nițu Stoica & Asociații advised Optical Network, the leading retailer and an important distributor on the Romanian optical market, on its sale to private equity fund Innova Capital.

OPTIblue and Klarmann to be taken over by Innova Capital

Optical Network operates as a retailer of a large array of high-quality glasses and eyecare products. The network consists of 55 stores under two banners: OPTIblu that is offering a premium range of products and Klarmann that has a more budget proposition.

PNSA team was led by Deputy Managing Partner Bogdan C. Stoica along with Senior Associate Dragoș Iamandoiu and Associates Ioana Avram and Claudia Salomia.

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Other significant M&A transactions advised by PNSA in the last 12 months:

• Net Brinel on its takeover by SNEF;
• Dedeman on the acquisition of The Office;
• Voestalpine on the acquisition of the majority stake in Travertec Buzău;
• WDP on the acquisition of Dunca Logistics Centre and CTPark Cluj I;
• Medicover on the acquisition of Phoenix Medical Center;
• Dedeman on the acquisition of The Bridge;
• Medicover on the acquisition of Academica Medical Centers;
• Dedeman on the acquisition of Cemacon and Cemacon Real Estate;
• Oresa Ventures on the sale of Fabryo to AkzoNobel;
• Farmexim and Help Net on their sale to Phoenix;
• Medicover on the acquisition of Pelican Hospital.