Apax has secured the German eyewear manufacturer Rodenstock

Funds advised by Apax (the “Apax Funds”) announced an agreement to acquire Rodenstock Group

Funds advised by Apax (the “Apax Funds”) announced an agreement to acquire Rodenstock Group (“Rodenstock”), a leading manufacturer of premium ophthalmic lenses, from Compass Partners. The transaction is subject to applicable regulatory approvals and is expected to close in the middle of 2021. Financial terms were not disclosed.

ILCT Ltd. acted for Rodenstock and Compass Partners for the sale of its shares in Rodenstock Group by way of conducting a full-blown due diligence investigation on Rodenstock Thailand, for the purpose of preparing a report for Rodenstock Legal Factbook for the potential buyer(s).  This includes but not limited to reviewing corporate structure/documents, material contracts, insurance policies, financial agreements, employment/labour contracts, intellectual property, real estate and ongoing litigation matters. ILCT Ltd. also assisted in answering questions raised by the potential buyer/s in relation to Rodenstock Thailand.

Palawi Bunnag, partner, was the leading attorney on this transaction. “Since this was a full-blown due diligence investigation, apart from our corporate department, we had also brought in our intellectual property team to evaluate the client’s IP portfolio, as well as, our litigation team, to conduct investigations at various relevant courts and employment team to advise on labour-related matters. Moreover, our real estate team also assisted in reviewing various licenses and permits for the client”, commented Bunnag.

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