M&A Deal Summary

New Look Vision Acquires IRIS The Visual Group

On July 4, 2017, New Look Vision acquired consumer products company IRIS The Visual Group for 120M USD

Acquisition Highlights
  • This is New Look Vision’s 1st transaction in the Consumer Products sector.
  • This is New Look Vision’s largest (disclosed) transaction.
  • This is New Look Vision’s 4th transaction in Canada.
  • This is New Look Vision’s 2nd transaction in Quebec.

M&A Deal Summary
Date 2017-07-04
Target IRIS The Visual Group
Sector Consumer Products
Buyer(s) New Look Vision
Deal Type Add-on Acquisition
Deal Value 120M USD

Target

IRIS The Visual Group

Laval, Quebec, Canada
IRIS The Visual Group, Inc. is an eye care center that offers eyewear glasses frames and designer sunglasses. IRIS The Visual Group, Inc. was founded in 1990 and is based in Laval, Quebec.

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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 4 of 5
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 4 of 5
State (Quebec) 2 of 2
Country (Canada) 4 of 4
Year (2017) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 Edward Beiner

South Miami, Florida, United States

Edward Beiner specializes in fashion and high-performance eyewear designed for today's lifestyle-oriented customer. Based out of Miami, the company's brand matrix and selection are what separate the independent optical retailer from eyewear big boxes around the world. Each location carries a unique selection and styles that are based on the demographic of the community. With a commitment to design quality and customer service – Edward travels the world in order to carefully curate the selection of eyewear offered in each boutique bringing cutting-edge frames to the U.S. market.

Buy -
Mergr

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