Inspecs Receives Takeover Interest
Inspecs, a Bath-based eyewear and lens producer, has confirmed receiving two unsolicited takeover approaches and a separate offer to purchase the Eschenbach and Bode parts of the business.
The Inspecs board received separate offers from H2 Equity Partners and a consortium including Risk Capital Partners and Ian Livingstone, with each bid outlining non-binding possible cash offers or alternative offers involving unlisted securities to acquire the entire issued and to be issued share capital of Inspecs.
Additionally, Safilo made a non-binding offer for the Eschenbach and Bode parts of the Inspecs business, which were acquired in 2020 and 2021, respectively.
New investment exploration led to the offers.
Author's summary: Inspecs receives takeover interest from multiple parties.