Oakley Capital adquires Horizons Optical

Oakley Capital, a pan-European middle-market private equity investor, has announced that Oakley Capital Origin Fund I has acquired a majority stake in Horizons Optical, a provider of medical software used to manufacture premium ophthalmic lenses.

Origin will acquire the majority stake in the business along with CEO Santiago Soler, who will retain a significant stake in the business and continue to lead Horizons. As part of the deal, Oakley is acquiring the shares of Horizons owned by Sherpa Capital, a leading private equity firm in Iberia. This will be Oakley’s sixth deal in Spain, following vLex, Seedtag, Alerce, Grupo Primavera (now part of Cegid), idealista, and several education assets, reinforcing its commitment to Iberia as a key investment destination. It will also be Origin I’s 9th investment after which the Fund will be c.75% invested.Oakley Capital acquires Horizons Optical from Sherpa Capital.

Legal Advisors

EY has advised Oakley on the tax structuring of the transaction and tax advice on the sale and purchase agreement. The team was formed by Leire Arlabán (partner, pictured left), Elia Alonso (manager) and Ignacio Cuevas (senior).

Allen and Overy team has advised Oakley Capital with lawyers from the corporate area: Iñigo del Val (pictured right), Nicolás Sierra García-Escudero, Patricia Miralles and Juan Gómez. Banking & Finance: Jimena Urretavizcaya, Sofía Sánchez-Calero, Marina Jimenez; competition: Jaime Rodriguez; FDI: Leopoldo Reaño; Data Protection: Laur Badin; IP: Laur Badin, Teresa Hermosilla and Lara Ruiz. Public Law: Enrique Díaz-Mauriño and Clara Iglesias; employment: Jose Antonio Segovia Rodriguez and Jaime Lloréns Parry.

KPMG Abogados has advised Oakley Capital with a Tax M&A team comprising Álvaro Silva (partner), María José Machicado (senior manager), Maria Pedraza (associate) and Pablo De la Villa (staff).

Julia Gil