Renzenbrink & Partner advises Lennertz & Co. on Series B Financing Round of SuperVista AG
14 October 2022
The shareholders of SuperVista AG have approved a capital increase for the implementation of a Series B financing round at an extraordinary general meeting. The financing round comprises a total investment amount in the double-digit millions and will be provided, in addition to the SuperVista founders and employees, for the most part by a private equity fund initiated by Lennertz & Co. as lead investor.
Lennertz & Co. thus takes a minority stake in SuperVista AG. The Hamburg-based family office already held a stake in SuperVista AG in an earlier phase and had sold its shares to the US investment firm TCV in 2016, which is now SuperVista’s anchor investor.
The concept of SuperVista AG, which sells its products in Germany under the brand name brillen.de, is based on a close interlinking of branch and online sales, which is built on the greatest possible digitalization – starting with the offer of glasses, through their production, to the handover of the visual aid to the customer on site. The SuperVista AG network currently comprises partner opticians in seven countries with over 1,700 stores, including the company’s own stores. The turnover of the SuperVista Group recently exceeded EUR 200 million and continues to grow in contrast to the industry.
Renzenbrink & Partner provided comprehensive advice to Lennertz & Co. as lead investor on all legal aspects of the financing round. The team consisted of partners Dr. Dennis Schlottmann (Corporate/Venture Capital), Dr. Ulf Renzenbrink (Corporate/Venture Capital) and associate Malte Pulmer (Corporate/Venture Capital).