Talde Private Debt closes its first financing transaction

July 27, 2020

Finances the acquisition of GVO (Grand Vision Optics), a children´s glasses manufacturer.

TALDE PRIVATE DEBT has financed the acquisition of more than 70% of the GVO Group (Grand Vision Optics), manufacturer of children's glasses, by the private equity fund Formentor Capital. The transaction, for an amount of 5.7 million euros and a maturity of 7 years, represents the first transaction of TALDE PRIVATE DEBT fund, whose goal is to provide long term financing to small and medium-sized companies with international growth and expansion projects.

GVO, a manufacturer of glasses whose main identity is its indestructible frames for children, was founded five years ago by Alberto Paulet, who will continue to be linked to the company, leading its management team and maintaining a minority stake.

The company distributes its products, with its own patents, to more than 65 countries and to a highly diversified client portfolio, including Alain Afflelou, Sun Planet, Essilor, Opticalia and Multiópticas.

The main brands of GVO are Nano Optical, Nano Baby or Nano Solar in the children's segment, and Dosuno and VerSport, for adults and sports protection, respectively. 

With this transaction, TALDE PRIVATE DEBT and Formentor Capital aim to contribute to promoting the Group's growth plans, supporting its internationalization and consolidation in its different markets.