Polish private equity firm Innova Capital Group, via its fund, Innova/6, has agreed to sell Optical Investment Group, a Romanian retailer of optical eyecare and eyewear products, to Italian-French multinational EssilorLuxottica.
The transaction is expected to close in Q4 2024.
Optical Investment Group was established in 2019 through a merger of Romanian optical retail chains OPTIblu and Optiplaza. Over the past 5 years, the retailer has expanded its network of physical stores and developed e-commerce channels, operating under the aforementioned brands as well as O51.