Experience Sell-side Advice

Grupo MFI




Sale of subsidiaries





Capital advisory to Grupo MFI on the sale of its operating subsidiaries Ibervisión, Medop and Elaboria to Fielmann AG

Translink Corporate Finance in Germany and Spain advised Medical Fomento Industrial (MFI), a vertically integrated health & safety group based in Bilbao, on the sale of its operating subsidiaries Ibervisión Servicios Ópticos S.L., Medop S.A. and Elaboria S.L. to the German stock-listed company, Fielmann AG. The purchase price for all shares in the companies is based on a cash and debt-free valuation of approximately € 70.8 million.
This acquisition accelerates the Fielmann Group’s expansion in Spain - Óptica & Audiología Universitaria joined the Fielmann Group in 2020 and reaffirms plans to reach market leadership in the medium-term.
“With its customer-centric values, an exceptionally talented team and a market-leading retail offering, the MFI Group is a great addition to the Fielmann Group. As Óptica & Audiología Universitaria and the MFI Group join forces, hearing and vision services in Spain will become better and more affordable for everyone. We trust that together we will continue to change the market to the benefit of customers and achieve market-leadership in the medium-term,” said Marc Fielmann, CEO of Fielmann Group.

"With the Fielmann Group, we gain access to an international supply chain and a superior omnichannel platform. We also join a family business that shares our customer-centric values as well as our people-first approach. We look forward to contributing our expertise in retail, lens manufacturing and protective equipment to better serve customers across Spain,” concluded Inés Gómez-Rubiera, CEO of MFI Group. 


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Company information


The MFI Group is a family-owned business based in Bilbao, Spain. The vertically integrated group operates optical and acoustic retail (“Medical Óptica Audición”: digital sales channels and 19 stores, almost 1 million customers), a lens surfacing and glazing site (“Elaboria”: 200,000 lenses served per year). They also develop and manufacture personal protection equipment (“Medop”: more than 1.5 million workers in 50 countries equipped).


Investor information


The Fielmann Group is a stock-listed family business based in Hamburg, Germany. As the most customer-centric provider of eyewear, contact lenses and hearing aids, they serve 27 million active customers through an omnichannel platform comprised of digital sales channels as well as more than 900 retail stores across Europe.