FFL Partners, a San Francisco-based private equity firm, Caisse de dépôt et placement du Québec, a global investment group, and the H. Doug Barnes Family have acquired all of the outstanding Class A common shares of New Look Vision Group Inc. for $50.00 in cash per Share, other than certain shares held by certain shareholders who received, in respect of such shares, consideration consisting of common shares of the purchaser.
“We look forward to working together with our new partners to take New Look Vision to the next level of growth and add value for our customers, partners and employees across North America,” said Antoine Amiel, president and chief executive Officer of New Look Vision.
“We’re pleased with the successful outcome of this transaction,” said Chris Harris, managing partner at FFL Partners. “We look forward to supporting New Look Vision’s exceptional leadership team led by President and CEO Antoine Amiel, and pursuing significant opportunities that we’ve identified to further build its strong store network in North America’s vibrant and growing eye care market.”
“This investment in New Look Vision – the leading Canadian eye care products and services provider – is aligned with our approach to support thriving entrepreneurial businesses in their expansion,” said Kim Thomassin, executive vice president and head of investments in Québec and Stewardship Investing at CDPQ. “Alongside FFL Partners and New Look Vision’s strong management team, we look forward to contributing to the next chapter of the company’s growth and enduring success.”
FFL has a history of investing in and building eyecare and optical retail businesses, including Eyemart Express and EyeCare Partners.