“What Neil and the team at Convex achieved is truly remarkable”
Joseph Lee, Chairman
Deal Value: €13m
Neil Worsley
Managing Partner
Direkt Optik | February 2013
Convex Capital led the sale of Direkt Optik AB, the Swedish retail opticians chain to Benelux based Hans Anders, in a transaction that valued the Business at 11 x EBITDA.
Hans Anders is a private equity backed, pan European retail opticians business, with Revenues in excess of €500m.
The Team at Convex undertook a strategic review of our clients Business and positioned the Company to achieve maximum value in the market.
The Convex team selected a number of strategic acquirers and negotiated the structure, value and timing of the consideration, together with a number of key agreements which will enhance the operation retained to the shareholders.
The Convex difference: strategy to split the business divisions into two sales processes to maximise value, rather than simply selling the whole Group
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