Livingstone has advised MasVision in the sale of its chain of opticians based in Argentina and Uruguay to the Dutch international investment company HAL N.V. MasVision is the leading retail chain in Argentina and Uruguay dedicated to the sale of spectacles.
The Company’s shareholders founded and oversaw the chain’s expansion and it was quickly established as the independent leader in both Latin American countries. Subsequently the owners decided that the business’s future growth would be better served under the ownership of a larger international group.
The earlier sale of MasVision Spain to Grand Optical España (also owned by HAL N.V.) smoothed the way for the transaction. Livingstone’s Consumer team worked closely with the owners of MasVision to successfully complete the transaction. The team added value to the process through its experience of the sector and of Argentina, the country where the deal was completed.
Neil Collen, Partner at Livingstone Madrid said: “International projects in developing markets are always challenging; however, the outcome achieved between our client and HAL was particularly satisfying.”