Macfarlanes advises Inspecs on substantial acquisition and fundraise
Eschenbach is a leading global eyewear supplier, headquartered in Nüremberg, Germany, with subsidiaries in 12 countries.
Macfarlanes has also advised Inspecs on a £64m equity placing and a $10m extension to its existing credit facility with HSBC in connection with the funding of the acquisition.
Gleiss Lutz advised Inspecs on the German aspects of the transaction.
The transaction was led by corporate and M&A partner Harry Coghill, with assistance from senior counsel Mark Slade and solicitors Michael Stern and Jonathan Höck. Antitrust advice was provided by partner Malcolm Walton, senior solicitor Andrew Morrison and solicitors Giles Neoh and Gina Sternberg. Advice on the financing aspects came from partner Colin Morgan and solicitor Duaa Abbas and tax expertise was provided by partner Jeremy Moncrieff and senior solicitor Laura Foley.
Commenting on the transaction, Harry Coghill said: “Having advised on Inspecs’ IPO in February this year, we are delighted to have helped the company implement this transformative acquisition, which furthers the company’s growth strategy outlined at the time of IPO.”