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3i-backed Hans Anders acquiring fellow optical retailer Eyes and More

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.