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LONDON - Inspecs Group PLC announced Thursday that the Panel on Takeovers and Mergers has granted an extension to the deadline for potential bidders to make firm offers for the company.
The eyewear manufacturer confirmed it has been in discussions with H2 Equity Partners since June 2025 and with a consortium comprising Risk Capital Partners and Ian Livingstone since August 2025. Both parties have submitted non-binding proposals for possible cash offers with alternatives including unlisted securities.
The deadline for these potential bidders to announce a firm intention to make an offer has been extended from November 20 to December 18, 2025.
Inspecs also revealed that Safilo Group S.p.A, which had initially proposed to acquire only the company's Eschenbach Group and BoDe businesses, subsequently submitted two non-binding offers for the entire company. The board rejected these proposals, stating they were lower than competing offers and "fundamentally undervalued the Company."
According to the announcement, the highest proposal received to date is from H2 Equity Partners, consisting of a cash offer of 84 pence per share with an unlisted share alternative.
The company emphasized that discussions remain ongoing with all parties, and there is no certainty that any formal offer will be made. Safilo continues to receive access to the same information provided to the other potential bidders, despite its proposals being rejected.
This announcement was made with the consent of H2 Equity Partners, according to the press release statement.
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