M&A Deal Summary

New Look Vision Acquires Forward Vision Group

On December 21, 2015, New Look Vision acquired retailer Forward Vision Group for 13M USD

Acquisition Highlights
  • This is New Look Vision’s 2nd transaction in the Retail sector.
  • This is New Look Vision’s 3rd largest (disclosed) transaction.
  • This is New Look Vision’s 2nd transaction in Canada.
  • This is New Look Vision’s 1st transaction in Ontario.

M&A Deal Summary
Date 2015-12-21
Target Forward Vision Group
Sector Retail
Buyer(s) New Look Vision
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

Forward Vision Group

London, Ontario, Canada
iVision is a retailer of optical products. iVision was established in 1989 and is headquartered in London, Ontario.

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Buyer(S) 1

Buyer

New Look Vision

Saint-Laurent, Quebec, Canada
Category Company
Founded 1986
Sector Retail
Revenue 275M CAD (2020)
DESCRIPTION

New Look Vision is a provider of eye care products and services. The Company has retail sales of optical products which can be grouped into four principal categories: (i) prescription and non-prescription eyewear, (ii) contact lenses, (iii) sunglasses, protective eyewear and reading glasses, and (iv) accessories, such as cleaning products for eyeglasses and contact lenses. New Look Vision was founded in 1986 and is based in Saint-Laurent, Quebec.

DEAL STATS #
Overall 2 of 5
Sector (Retail) 2 of 3
Type (Add-on Acquisition) 2 of 5
State (Ontario) 1 of 1
Country (Canada) 2 of 4
Year (2015) 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-06 Greiche & Scaff

St-Laurent, Quebec, Canada

Greiche & Scaff is a retailer of prescription eye-wear. Greiche & Scaff was founded in 1976 and is based in St-Laurent, Quebec.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-19 Visions One Hour Optical

Abbotsford, British Columbia, Canada

Visions One Hour Optical Ltd. owns and operates retail eye optical stores.

Buy $7M
Mergr

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Company

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