Inspecs Agrees to $114 Million Luke Johnson, Ian Livingstone Takeover; Shares Rise

Dow Jones12-10

By Ian Walker

Inspecs Group shares rose after the company said it agreed to a 85.4 million pound ($113.6 million) takeover offer from Bidco 1125, which is indirectly owned by Luke Johnson and Ian Livingstone.

Shares were up 9.50 pence, or 13%, at 82 pence in early afternoon European trading. They have risen 81% over the year to date.

The London-listed eyewear company said Wednesday that accepting shareholders would get 84 pence in cash for each share held. The price is a 16% premium to Tuesday's closing price of 72.50 pence and more than double the 40.5 pence a share price on Oct. 22, the day before the company said it had received the approach.

On Oct. 23, Inspecs said it received two separate, unsolicited proposals from H2 Equity Partners and a consortium including private equity firm Risk Capital Partners and entrepreneur Ian Livingstone.

Johnson has chaired or founded various companies, including Risk Capital Partners.

Italian eyewear group Safilo also indicated its interest in buying Inspecs, but said in November that its proposal had been rejected by the company. Safilo said at the time that it continued to assess its options, including the possibility of submitting a revised offer.

H2 Equity and Safilo have until Dec. 18 to either make a formal offer for the company or walk away under U.K. Takeover Panel rules.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

December 10, 2025 08:01 ET (13:01 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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They have risen 81% over the year to date.The London-listed eyewear company said Wednesday that accepting shareholders would get 84 pence in cash for each share held. The price is a 16% premium to Tuesday's closing price of 72.50 pence and more than double the 40.5 pence a share price on Oct. 22, the day before the company said it had received the approach.On Oct. 23, Inspecs said it received two separate, unsolicited proposals from H2 Equity Partners and a consortium including private equity firm Risk Capital Partners and entrepreneur Ian Livingstone.Johnson has chaired or founded various companies, including Risk Capital Partners.Italian eyewear group Safilo also indicated its interest in buying Inspecs, but said in November t","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6100":"保健护理服务","BK6511":"医疗保健服务概念","PRH.SI":"Livingstone"},"translate_title":"Inspecs同意以1.14亿美元收购Luke Johnson、Ian Livingstone；股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PRH.SI":1.5},"content_text":"By Ian Walker \n\n\n \n\n\n  Inspecs Group shares rose after the company said it agreed to a 85.4 million pound ($113.6 million) takeover offer from Bidco 1125, which is indirectly owned by Luke Johnson and Ian Livingstone. \n\n\n  Shares were up 9.50 pence, or 13%, at 82 pence in early afternoon European trading. They have risen 81% over the year to date. \n\n\n  The London-listed eyewear company said Wednesday that accepting shareholders would get 84 pence in cash for each share held. The price is a 16% premium to Tuesday's closing price of 72.50 pence and more than double the 40.5 pence a share price on Oct. 22, the day before the company said it had received the approach. \n\n\n  On Oct. 23, Inspecs said it received two separate, unsolicited proposals from H2 Equity Partners and a consortium including private equity firm Risk Capital Partners and entrepreneur Ian Livingstone. \n\n\n  Johnson has chaired or founded various companies, including Risk Capital Partners. \n\n\n  Italian eyewear group Safilo also indicated its interest in buying Inspecs, but said in November that its proposal had been rejected by the company. 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