Munich, 9 September 2019 – Law firm Gütt Olk Feldhaus advised Munich based investment firm Paragon Partners in connection with the acquisition financing for a majority stake in optician chain pro optik Group.
The financing was provided by CVC Credit Partners and Oldenburgische Landesbank Aktiengesellschaft as Arrangers and was structured as a first out / second out Unitranche with an additional working capital line.
pro optik was founded in 1987 by Peter Hoppert and Rainer Hildebrandt and is now the third largest optician chain in Germany with around 145 stores. The product range includes designer frames, private label frames and high-quality lenses as well as hearing aids.
The parties agreed to keep the purchase price as well as the financing amount confidential.
Legal advisors to Paragon Partners:
Gütt Olk Feldhaus, Munich: Dr. Tilmann Gütt, Julian J. Zaich (both lead; Banking), Christopher Ghabel (Banking)
About Gütt Olk Feldhaus:
Gütt Olk Feldhaus is a leading international law firm based in Munich, Germany. We advise on all aspects of commercial and corporate law. The main areas of our expertise are company law, M&A, private equity and finance. We also handle litigation in these areas.
Dr. Tilmann Gütt, LL.M. (London)
Tel. +49 89 24 22 41 110
Julian J. Zaich, LL.M. (London)
Tel.+49 89 24 22 41 150