SVS Vision has agreed to be acquired by Fielmann Group

Detroit, MI – CFI (P&M Corporate Finance) is pleased to announce that it served as exclusive financial advisor to SVS Vision (“SVS” or the “Company”) in its announced sale to Fielmann Group (FIE.DE) in June 2023.

SVS Vision is an eye care solutions provider based in Mt. Clemens, Mich. and was founded in 1974. The Company operates more than 80 locations across 9 states and is one of the nation’s leading optical retailers. SVS leverages the latest technology and industry-leading professionals to manufacture approximately half a million glasses each year at the Company’s state of the art, in-house laboratory. In addition, SVS offers fully insured managed care plans. The Company has a long history of retaining its talent, with over half of its 650 employees having been with SVS for more than 15 years.

Lukas Ruecker, CEO of Fielmann USA, Inc., “Over its 50 years history, the Fielmann Group has shaped the European eyewear market with its signature customer centricity. SVS Vision is known for its friendly service, great people and longstanding heritage…Together, we are going to empower our customers in optical retail.”

“From the beginning of the process the similarities between SVS Vision and Fielmann were not only evident but a determining factor in selecting them as a suitor. We appreciate the camaraderie that has developed during the deal process and are excited to work together to make sure SVS Vision continues on the successful path the entire SVS Vision team has worked so hard to create,” said Ken Stann, SVS Vision President and Co-Owner.

The transaction is expected to close in the third quarter of 2023, subject to regulatory approval.

About SVS

SVS Vision is an optical retailer based in Mt. Clemens, Mich., USA. The company is the market leader in Michigan and operates a total of more than 80 stores across 9 states. In 2022 the privately held business employed 650 people and generated over $100 million in external sales. SVS also owns and operates its own optical laboratory and vision insurance.

About Fielmann Group

The Fielmann Group is a German family business that serves more than 27 million customers via its omnichannel platform consisting of digital sales channels and about 1.000 retail stores. Founded in 1972, it is led by Marc Fielmann, representing the second generation of the Fielmann Family who still owns the majority of the company’s stock. By making fashionable eyewear affordable and staying true to its customer-centric values, the Fielmann Group is consistently reaching customer satisfaction and retention rates of more than 90% and has to-date fitted more than 170 million pairs of individual prescription glasses. The family business employs more than 23,000 people.

Consumer Goods & Retail

has agreed to be acquired by

Transaction details

Michigan-based eye care solutions provider SVS Vision has agreed to be acquired by Fielmann Group, a German family business that makes fashionable, affordable eyewear and serves more than 27 million customers worldwide