August 28, 2019
Mergers and Acquisitions
GCA Advises Paragon Partners on the Acquisition of Pro Optik
GCA acted as exclusive financial advisor to Paragon Partners on the acquisition of Pro Optik, Germany's third largest optical retail chain. GCA provided Paragon Partners with both M&A and debt advice.
Since its foundation in 1987, Pro Optik has grown from a single store to the third largest optician chain in Germany, with a network of 145 stores. The company’s product range includes both branded designer frames as well as private label frames with high-quality lenses. Recently, the company added hearing aids to its offering.
Paragon Partners is providing capital for further growth and will help to deliver the group's strategy and planned expansion in coming years. Terms of the transaction were not disclosed.