NL1 AcquireCo Inc., an entity created by a group composed of funds managed by FFL Partners LLC, a San Francisco-based private equity firm, Caisse de dépôt et placement du Québec, and the H. Doug Barnes Family, has acquired New Look Vision Group Inc.
Antoine Amiel, president and CEO of New Look Vision, said “The transaction offers significant and immediate value to our shareholders, while also providing New Look Vision with additional capital to further our expansion and strategic investments in technology. With our new partners, we look forward to continuing to invest in our company to best serve our customers, employees, and business partners.”
“We have been an active investor in the optical industry for many years, and long been impressed by New Look Vision’s track record, premier customer experience, and commitment to its doctors, partners and employees,” commented Chris Harris, managing partner at FFL. “We are excited to partner with New Look Vision’s management and the rest of the New Look Vision team and to support their next stage of growth.”
“We are proud to support New Look Vision – a Québec leader in the provision of eye care products and services – and bring our constructive capital approach towards helping the business continue to expand both domestically and internationally, guided by its strong entrepreneurial culture” added Kim Thomassin, executive vice-president and head of investments in Québec and stewardship investing at CDPQ.
Willkie Farr & Gallagher LLP represented the purchaser, NL1 AcquireCo Inc.