Equistone to sell Eschenbach Optik to Inspecs Group plc

Funds advised by Equistone Partners Europe (“Equistone”) have agreed to sell their majority stake in Nuremberg-based Eschenbach Holding GmbH (“Eschenbach”). Eschenbach is a German leader in eyewear and low vision products, offering correction frames, and ready to wear sunglasses, with further strong positions in Europe and the US. Eschenbach will be an even stronger player together with the British Inspecs Group plc (“Inspecs”) based in Bath and listed in London. The financial terms of the transaction are undisclosed and the transaction remains subject to approval from the relevant competition authorities and fulfillment of conditions precedent.