Client
Transaction
Acquisition of 100% sharesTarget company
Date
2023Transaction advisory to CECOP on the acquisition of National Eyecare Group and its subsidiary, Optinet
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Company information
The CECOP Group is the only global purchasing group for opticians. Founded in 1996 by Jorge Rubio in Madrid, CECOP Group stands out above all for its commitment to the development and modernisation of the sector and has more than 7,600 members in ten countries.
Target information
The National Eyecare Group (NEG) is the UK’s largest purchasing group for independent opticians and has been supporting opticians across the UK since 1979. By using the strength of more than 1,000 members, NEG can offer preferential purchasing terms to all members that would not be achievable as single practices.
Optinet is an integral division of the esteemed National Eyecare Group, an organization with a rich history dating back to its establishment in 1983. In 1987, Optinet was conceived with a pioneering vision: to offer a cutting-edge computer-based letter printing service exclusively tailored for members of the National Eyecare Group.