Avenir Medical Poland’s Acquisition of Perfect Eye Optic
Avenir Medical Poland - operator of the ‘Twoje Soczewki’ chain, which specialises in glasses and contact lenses has acquired through a merger in Q1 2021 two companies, including Perfect Eye Optic - a Polish provider of specialist vision testing and optometric services.
Babiaczyk, Skrocki i Wspólnicy Law Firm advised the buyer on the deal, whereas SMM Legal supported the seller.
The Babiaczyk, Skrocki i Wspolnicy team consisted of Senior Partner Mirosław Babiaczyk and Partner Łukasz Walaszek.
An Interview With Mirosław Babiaczyk Senior Partner, Babiaczyk, Skrocki i Wspólnicy Law Firm
Did any particular issues arise during the transaction?
When representing a client in the acquisition process it is of the utmost importance to take into account the client’s interests and suggestions, as well as paying attention to the position of other participants. Opposing viewpoints of the transaction parties may result in conflict situations that we try to avoid. In the said acquisition of Perfect Eye Optic by Avenir Medical Poland no such particular issues arose. We had the pleasure to cooperate in a friendly atmosphere and the whole process was carried out without delays.
What are positive signs that a merger will be a good move for your client?
Avenir Medical Poland constantly works on improving its position on the market. The transaction will enable the company to expand its activity to new locations and to reach new clients. Acquisitions such as this one solidify the buyer’s market position.
Are transactions like this one expected to increase in the retail industry?
As a law firm, we provide legal services to a number of entities within the retail industry – with a wide range of specialisation and different places on the sales ladder. For example, we cooperate both with the shopping centre owners as well as with the companies that use such shopping centres as a distribution channel.
From our perspective, COVID-19 and governmental restrictions have made the current situation challenging for the retail industry. However, we expect the upcoming months to be a time of increased activity for such transactions. Mergers and acquisitions, similar to the transition to online distribution channels, are examples of the way in which companies can ensure development.