Compass Partners eyes €1.5B Rodenstock exit
February 5, 2021- Share:
Compass Partners is looking to sell German lens and eyewear maker Rodenstock for as much as €1.5 billion, Reuters reported. Compass is Rodenstock's third private equity owner, having acquired the business in 2018 from Bridgepoint, which in turn bought the company from Permira in 2006. Prior to Permira's 2003 acquisition, Rodenstock was family-owned. Compass is said to have hired investment bank Jefferies to advise on the sale process, which is expected to start in Q2.
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