Hans Anders Retail Group BV is buying fellow optical retailer Eyes and More BV from Vendis Capital Management, alongside private investors and a group of managers.

Eyes and More sells prescription glasses and private label sunglasses in 170 stores across Germany, the Netherlands, Belgium and Austria.

Hans, a portfolio company of 3i Group PLC since May 2017, will receive €60 million in financing from 3i to support the deal, which will broaden Hans' geographic footprint.

The transaction is subject to customary approvals from competition authorities.