STOCKHOLM, March 25 Private equity firm CVC
Capital Partners has bought eyewear chain Synsam Nordic
from Alipes, the investment firm controlled by Sweden's Kamprad
family which also controls the world's largest furniture
retailer IKEA, CVC said on Tuesday.
CVC did not say how much it paid for Synsam, which had sales
of around 3 billion Swedish crowns ($467 million) in 2013 and
employs some 2,600.
Alipes, which is focused on investments in the Nordic
consumer and retail sectors, had owned Synsam since 2007. It
launched an earlier abortive attempt to sell the unit in 2012,
at which time sources had told Reuters it could fetch around 500
million euros ($689 million).
"With attractive market positions, a strong brand name and
an extensive store network, as well as an emerging online
offering, Synsam is now ready to take the next step in its
development," CVC said in a statement.
Synsam is the largest optical retail chain in the Nordic
region with more than 420 of its own stores and franchisees in
Sweden, Denmark and Norway, CVC added.
Alipes is an investment company owned by Inter IKEA
Investments and Ikano, both of which are controlled by the
($1 = 6.4287 Swedish Crowns)
($1 = 0.7255 Euros)
(Reporting by Sven Nordenstam; Editing by David Holmes)