Livingstone has advised Inspecs Group plc on its acquisition of BoDe Design

  • Jan 2022
  • Consumer
  • M&A: Buy-Side
  • Germany
  • Pan-European

Livingstone has advised Inspecs Group plc (“Inspecs”) on the acquisition of BoDe Design Vertriebs GmbH & Co KG (“BoDe”). Livingstone served as exclusive financial advisor to Inspecs. Terms of the transaction were undisclosed.

BoDe sells correction frames and sunglass frames primarily on the German market. The company is highly complementary to Inspecs’ existing German subsidiary Eschenbach, which was acquired by Inspecs in 2020, also with the support of Livingstone as the exclusive finance advisor. With BoDe, Inspecs can further expand its sales reach in Germany, both with leading optician chains and with independent opticians.

Founded in the UK in 1988 by Robin Totterman, Inspecs is a multinational designer, manufacturer, and distributor of eyewear frames and lenses. The group produces a wide range of eyewear frames in the fields of optics, sunglasses, and safety lenses on branded and OEM basis. Inspecs is thus one of the few providers that can offer its customers (which include international opticians and retail chains as well as distributors and independent opticians) such a one-stop solution. The company’s sales network spans 80 countries and includes around 30,000 sales outlets, and it has offices in the UK, Portugal, Scandinavia, the US, and China, and manufacturing facilities in Vietnam, China, the UK, and Italy.

We are very pleased with Livingstone’s continued support as we execute our M&A strategy,” said Chris Kay, CFO of Inspecs Plc. “Thanks to Livingstone’s comprehensive buy-side advice, support, and industry expertise, we have been able to maintain a robust acquisition pace, including two additional transactions in two different jurisdictions in a short timeframe.

Michael Westhoven, Partner at Livingstone Düsseldorf, stated, “We are very pleased to support Inspecs in its further growth through M&A and to be part of the Inspecs success story.

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