CVC Capital Partners to acquire 49% of Star Vision (OLENS)
- Deal value
- —
- Stake
- 49%
- Implied 100%
- —
- Revenue
- $92m
- Op. income
- $35m
- Multiples
- —
2023 연결 · DART-verified
2023 연결 · DART-verified
DART 20240411001340
- Target
- Star Vision (OLENS) · Color contact lenses
- Buyer
- CVC Capital Partners · FI
- Seller
- PS Alliance & Pearl Investment
- Structure
- —
- Announced
- Jan 22, 2025
- Closed
- —
- Stage
- Signed
Target
Star Vision operates the color contact lens brand OLENS, vertically integrating R&D, design, manufacturing and retail with an OEM business through a subsidiary. It is reported to hold about 30% of Korea's contact lens market and about 50% of color lenses, with over 400 outlets across Asia including Hong Kong, Taiwan and Japan.
Deal rationale
CVC said it signed a bilateral agreement to acquire the entire 49% stake held by PS Alliance and Pearl Investment, who had bought it from VIG Partners in June 2022, and that it was chosen as the most suitable partner to support the company's continued growth. KED reported the consortium paid KRW 200bn in 2022 and was expected to double its investment.
| Revenue | $92m |
| Operating income | $35m |
| EBITDA | — |
| Net income | — |
2023 연결 · DART-verified · 20240411001340
Press coverage
- CVC press release (2025-01-22): “PS Alliance and Pearl Investment have agreed to sell their entire 49% stake in Star Vision to CVC.”
- KED Global (2025-01-16): “for about 500 billion won ($343 million)”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.