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Translink Corporate Finance has acted as the advisor to CECOP on the acquisition of National Eyecare Group (NEG) and its subsidiary, Optinet.
Translink Corporate Finance in the UK and Translink Corporate Finance in Spain together advised the leading global purchasing group for opticians on the acquisition.
Founded in 1979, NEG is the UK’s largest purchasing group dedicated to supporting independent opticians and has over 1,000 members.
The transaction included Optinet, a subsidiary of NEG that has developed a bespoke practice management software solution for opticians providing CECOP with the digital tools to facilitate the digital transformation of the industry.
Translink said the NEG acquisition represents a platform acquisition for CECOP in the UK and is the seventh transaction Translink has supported CECOP with over the last three years. It previously advised on three acquisitions in the USA, two in Germany and one in France.
The cross-border Translink Corporate Finance team was led by Don Gray and Matt Scott in the UK with support from Oscar Llaudet in Spain.
Don Gray, partner at Translink Corporate Finance in the UK, said: “It was a pleasure to have advised CECOP CEO Jorge Rubio and his team on their strategic acquisition of National Eyecare Group.
“Our international colleagues have completed several significant deals for CECOP over recent years and we’re delighted to have successfully advised them on a transaction that is a milestone moment in their strategic move to the UK. We look forward to seeing CECOP continue to build on their success in the UK and develop their fantastic reputation within the healthcare sector.”
CECOP CEO, Jorge Rubio, added: “For the whole family of CECOP, it is a pleasure to welcome NEG into the fold. With this important step, we become a reality in the biggest market in Europe and the Americas.
“Our aim has always been to unite the best independent eyecare practitioners in the world, and to share knowledge between different countries, to improve the sector and bring enhanced eye health care solutions to patients. At the time when the seller and the buyer were in a ‘no-dating’ way, the support of the Translink team achieved a win-win deal.”
