Octopus Titan VCT plc : Acquisition of Vision D...

Octopus Titan VCT Plc
(the "Company" or "Octopus Titan")

25 February 2016

Acquisition of Vision Direct Group ("Vision Direct") by Essilor International S.A. ("Essilor")

The Board of Octopus Titan VCT plc is pleased to announce that Vison Direct, the online contact lens retailer, has been acquired by Essilor, a world leader in ophthalmic optics¹.   

Octopus Titan first invested in Vision Direct in September 2009 when the company employed 33 people. Since then the company has grown to 80 employees, with a turnover of £33 million. It now operates across seven European countries and served more than 600,000 customers in 2015.

This exit represents the second significant announced exit for Octopus Titan in 2016, coming after the recent acquisition of TouchType Limited (trading as SwiftKey) by Microsoft Inc. earlier this month.

 ¹Source: Essilor

For further information please contact:

Alex Macpherson
Octopus Investments Limited
0800 316 2295

 Jo Oliver
Octopus Investments Limited
0800 316 2295

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Source: Octopus Titan VCT plc via Globenewswire

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