WTS advises APAX portfolio company Rodenstock on the acquisition of the Spanish Indo Optical Group

WTS, a global full-service provider of tax, financial and deal advisory, has advised the Rodenstock Group, a portfolio company of private equity investor APAX, on the acquisition of its first add-on investment, the Spanish Indo Optical Group. The transaction is expected to close in Q3 2022 and is pending approval from the relevant competition authorities. The Indo Optical Group is being sold by the financial investor Ergon Capital together with Sherpa Capital and Oquendo Capital. The parties have agreed not to disclose the terms of the agreement.

Indo Optical is a leading Spanish optics manufacturer with subsidiaries in Portugal, France and Morocco. The company manufactures ophthalmic lenses and commercialises diagnostic equipment and optical instruments for opticians and ophthalmologists. The acquisition of the Indo Optical Group will strengthen the continuing global expansion of the Rodenstock Group and enable it to reach new customers.

The WTS M&A Tax Team led by Dr Patrick Satish and Simone Rupp coordinated the tax due diligence in Spain, Portugal and Morocco with participation from the WTS Global network and advised on the tax issues relating to the cross-border acquisition structure from Germany to Spain. The M&A Tax Team worked closely with WTS Director Florian Wimmer, who is responsible for the global tax management of the Rodenstock Group as part of a business partnering arrangement.

WTS began expanding its M&A department in January 2022 by bringing in Dr Patrick Satish and his team, which has helped to further advance the transaction advisory services in the private equity field. He has extensive experience in advising high-profile financial investors on their M&A business.

Advisory Teams

Tax advisors from WTS Germany:

Tax advisor Dr Patrick Satish (M&A Tax / Project Lead),

Tax advisor/lawyer Simone Rupp (M&A Tax),

Tax advisor/specialist advisor for international tax law Florian Wimmer (WTS Business Partnering, Head of Taxes for Rodenstock)

Other tax advisors from the WTS Global network:

Marc Amorós Segura (CUATRECASAS Spain),

João Velez de Lima (VIEIRA DE ALMEIDA),

Séverine Lauratet (FIDAL)