3i-backed Hans Anders to acquire eyes + more for €60m from Vendis Capital

3i Group plc and Hans Anders acquired eyes + more, a fast growing value-for-money optical retailer in Germany with additional presence in the Netherlands, Belgium and Austria. The sellers are Vendis Capital and a group of managers and private investors. 3i expects to invest up to c. €60m in Hans Anders to support the transaction. Founded in 2005 in the Netherlands, eyes + more operates 170 stores, of which 119 in Germany, 33 in the Netherlands, 10 in Belgium and 8 in Austria. It sells a range of c. 800 prescription glasses and private label sunglasses. Boris Kawohl, Partner, 3i Private Equity, said: “This is an important acquisition for Hans Anders and fits well with 3i’s investment strategy of driving international growth in the value-for-money space. It brings a strong geographical fit and an organic growth platform in the sizeable German optical retail market.”