Quercus announces cross-border sale of speciality eyewear group

March 3, 2015
Andrew Clegg

Quercus Corporate Finance is delighted to announce the sale of specialist eyewear group Fabris Lane to one of the world’s leading ophthalmic optics companies, Essilor International.

The Quercus team, led by Andrew Clegg and Nick Standen, advised the shareholders of Chessington-based Three Hundred Ltd (trading as “Fabris Lane”) on the sale of the company to FGX International, a leading eyewear designer and marketer and wholly owned subsidiary of French eyewear group, Essilor International.  The transaction includes Fabris Lane’s recent acquisition of fast growing on-line eyewear retailer, Red Hot Sunglasses.

Financial details have not been disclosed.

Fabris Lane, a business with a 33-year history, is a specialist eyewear company engaged in the sale of sunglasses. It sells to a wide range of retailers and opticians groups in 20 countries worldwide. Fabris Lane holds licenses for highly recognized brands including Karen Millen®, Lipsy®, Animal®, French Connection® and Oliver Goldsmith® and owns a portfolio of established brands including Monkey Monkey®, M:UK®, Freedom Polarised® and Suuna®. Fabris Lane also provides its customers with own label solutions using its in-house design capabilities and established supply chain and testing facilities.

Andrew Clegg, Quercus Partner said:

“My relationship with Fabris Lane stretches back many years and we are delighted to have been the lead adviser on this transaction; it represents another great example of our proven ability to match the needs of UK owner managers with an overseas buyer”.

Rod Lane, Fabris Lane owner, added:

“I am delighted that Fabris Lane is combining with an organization with the depth of resources and reach of FGX, which will help meet the needs of sunglass consumers. This is great news for Fabris Lane's customers, suppliers and employees.  I am also delighted that we benefited from the wise counsel and experience of Quercus Corporate Finance.  Andy and Nick’s transaction insights coupled with their total focus on achieving an excellent financial result and a smooth process meant all the difference and the shareholders are thrilled with the outcome”.

 

News Centre

Recent News

Quercus International appoints Paul Warren as Director

Quercus International is delighted to announce the appointment of Paul Warren as a Director. Paul will focus primarily on UK and international acquisition origination, bringing extensive expertise and a proven track record to the role. Paul has over 20 years of experience running a successful independent UK and cross-border M&A origination business. A Chartered Accountant […]

Sale of Metalwash to the Safetykleen Group, backed by Apax Partners

A Quercus International team, led by Dane Houlahan, has advised the shareholders of Metalwash Limited (“Metalwash” or the “Company”) on the sale of the business to Safetykleen UK Limited (“Safetykleen Group”). Safetykleen Group had originally acquired a majority stake in the Company in December 2023, and it has now acquired the remaining shares in the […]

Support on the sale of Amazilia Aerospace to Textron

Quercus International, led by Michael Mortimor, has supported Hauck Aufhäuser Lampe, a fellow member of the Terra Alliance, on the sale of Amazilia Aerospace GMBH (“Amazilia” or the “Company”) to Textron Inc (“Textron”). Hauck Aufhäuser Lampe served as the exclusive financial adviser to Amazilia’s shareholders, whilst Quercus International provided sector input throughout the transaction, and closely […]

1 2 3 33
arrow-right