M&A Deal Summary

New Look Vision Acquires Visions One Hour Optical

On October 19, 2016, New Look Vision acquired retailer Visions One Hour Optical for 7M USD

Acquisition Highlights
  • This is New Look Vision’s 3rd transaction in the Retail sector.
  • This is New Look Vision’s 4th largest (disclosed) transaction.
  • This is New Look Vision’s 3rd transaction in Canada.
  • This is New Look Vision’s 1st transaction in British Columbia.

M&A Deal Summary

Date 2016-10-19
Target Visions One Hour Optical
Sector Retail
Buyer(s) New Look Vision
Deal Type Add-on Acquisition
Deal Value 7M USD

Target

Visions One Hour Optical

Abbotsford, British Columbia, Canada
Visions One Hour Optical Ltd. owns and operates retail eye optical stores.

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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 3 of 5
Sector (Retail) 3 of 3
Type (Add-on Acquisition) 3 of 5
State (British Columbia) 1 of 1
Country (Canada) 3 of 4
Year (2016) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 Forward Vision Group

London, Ontario, Canada

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

Buy $13M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-04 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.

Buy $120M