RWK Goodman has advised German private equity firm Flex Capital and its UK portfolio company Optix on the acquisition of Opticabase – a UK based supplier of software solutions for optometrists.

Flex Capital’s Rebecca Rodenbücher instructed the RWK Goodman team which was led by senior associate Catherine Hayes with support from Hector Freyne (corporate), Charlotte Ebbutt (commercial) and Holly Freuchen (employment).

Optix is a UK based supplier of optometrist practice management software solutions and since 2023 has formed part of the pan-European EVEX Group. EVEX Group was formed by Flex Capital in 2021 with the acquisitions of Amparex and IPRO and an aim to supply innovative software solutions for audiologists and optometrists across the European market. Berlin-based FLEX Capital is a private equity fund founded by Christoph Jost and Peter Waleczek that invests in software and internet businesses in the mid-market.

EVEX Group strengthens its position as a leading European market player through UK expansion. The press release issued by the group states:

"This acquisition solidifies the EVEX Group’s position as a leading software provider for opticians and audiologists across Europe.

Opticabase, a notable provider of practice management software, was founded in 2005 by Michael Prais and develops software solutions tailored specifically to the needs of independent opticians. Today, the company serves approximately 500 optometry practices in the UK and Ireland, bringing extensive expertise and years of experience to the EVEX Group.

Through the acquisition of Opticabase, the EVEX Group ensures a long-term development plan for all Opticabase clients and introduces a series of innovative updates to be launched shortly. This acquisition builds on the EVEX Group’s market entry in the UK in 2023, which began with the acquisition of York-based Optix. The EVEX Group now serves over 8,500 locations in 20 countries, uniting the brands Amparex, IPRO, Optix, and Euronet under its umbrella."