BPM backs MBO of Optometrijas

The GP provided a mezzanine loan to the Optometrijas management team to acquire shares from private owners. With the adjusted financing structure, management hope to make further acquisitions in the Baltic region.

Estonia- and Poland-based BPM held a first and final close on its maiden fund BPM Mezzanine Fund at €70m in January 2015. Optometrijas is the vehicle's second investment. In March 2016, it financed the management buy-back of Estonian IT purchasing company MarkIT.

Company
Founded in 1992 and headquartered in Riga, Optometrijas is an eyecare chain operator and eyecare products and instruments wholesaler in the Baltic region, operating stores in Latvia and Lithuania under the Vision Express, Optio, Pasaules Optika and Lornete brands, as well as internet stores under the dr.Lensor brand.

The business reported sales of €15.8m.

People
BPM Capital – Martin Reinson (partner).
SIA Optometrijas Centrs – Janis Dzenis (CEO).

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