KKR to acquire Nexeye from 3i Group

KKR have agreed to acquire nexeye, a leading European provider of value-for-money eye care, from investment firm 3i Group plc. The transaction will enable nexeye to accelerate its expansion plans within existing and new markets, focusing on customer service, product quality, and innovation.

Transaction snapshot

  • Deal value: N/A
  • Deal multiples: N/A
  • Deal type: Acquisition
  • Investors: KKR

Under 3i's ownership since 2017, nexeye has pursued a strategy focused on market expansion and championing a value-for-money offering for customers. The Group, which operates under the Hans Anders, eyes + more, and Direkt Optik labels, provides affordable, high-quality eye and hearing care across 719 stores in the Netherlands, Belgium, Germany, Austria, and Sweden.

Bart van den Nieuwenhof, CEO of nexeye, expressed gratitude towards 3i for their partnership and is excited to continue the growth path with KKR, sharing a vision to establish nexeye as the leader in the European value-for-money optical sector.

Boris Kawohl, Partner and Consumer sector head at 3i, highlighted the transformation of nexeye during 3i's ownership, resulting in doubled sales and EBITDA. He believes nexeye is now ready for the next international growth phase.

Felix Gernburd, Partner at KKR, emphasized nexeye's differentiated value proposition for consumers and KKR's commitment to supporting the Company's expansion and offering the best quality eye and hearing care at affordable prices.

KKR is making its investment in nexeye primarily through its $8 billion European Fund VI. The transaction is subject to customary closing conditions and regulatory approvals.

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