P+P advised Mister Spex on EUR 65 million financing round

August 2019

The online optician Mister Spex has completed a EUR 65 million financing round.

The Büll family office led the equity capital financing round. The existing investors also participated, including Grazia Equity, Intershop founder Stephan Schambach and StudiVZ founder Ehssan Dariani. Global Growth Capital also provided debt capital as a loan.

Since it was founded in 2007, Mister Spex has become Europe's leading online optician, with more than 3 million customers and a product portfolio of more than 10,000 eyeglasses, sunglasses and contact lenses. Mister Spex operates online shops in ten European countries, eleven retail stores in Germany and has a network of partner opticians in Germany, Austria, Switzerland, the Netherlands and Sweden.

According to its own statement, the startup concluded the 2018 fiscal year with a positive EBITDA and significant growth.

P+P Pöllath + Partners advised Mister Spex on all legal matters related to the financing round with the following team:

RKH partners Dominik Ziegenhahn and Kristian Heiser (both corporate/M&A), as well as Prof. Christian Möller (tax) and Cornelius Karcher (corporate/M&A) advised the Büll family office.
Noerr partners Felix Blobel and Ariane Neubauer, as well as Jones Day partner Kerstin Henrich and associate Moritz Maier advised the existing investors.