M&A Deal Summary

New Look Vision Acquires Greiche & Scaff

On August 6, 2014, New Look Vision acquired retailer Greiche & Scaff from Perseis Partners for 18M USD

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

M&A Deal Summary

Date 2014-08-06
Target Greiche & Scaff
Sector Retail
Buyer(s) New Look Vision
Sellers(s) Perseis Partners
Deal Type Add-on Acquisition
Deal Value 18M USD

Target

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.

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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 1 of 5
Sector (Retail) 1 of 3
Type (Add-on Acquisition) 1 of 5
State (Quebec) 1 of 2
Country (Canada) 1 of 4
Year (2014) 1 of 1
Size (of disclosed) 2 of 4
FOLLOWING 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

Seller(S) 1

SELLER

Perseis Partners

Toronto, Ontario, Canada

Category Private Equity Firm
Founded 2001
PE ASSETS 375M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Perseis Partners, Inc. is a private equity firm that invests in small to mid-sized Canadian companies. The Firm generally looks to invest $15 to $60 million in companies valued from $30 to $250 million. Target sectors include professional services, specialized retail, energy services, healthcare, transportation, industrial, and consumer products. Perseis Partners was formed in 2001 and is based in Toronto, Ontario.


DEAL STATS #
Overall 5 of 5
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 5 of 5
State (Quebec) 3 of 3
Country (Canada) 5 of 5
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-04-07 Vansco Electronics

Winnipeg, Manitoba, Canada

Vansco Electronics, LP is a provider of custom electronic controls, displays, sensors and other related components are used in the agriculture, construction, bus, motor coach and recreational vehicle markets. The Company operates from Winnipeg, Manitoba and Valley City, North Dakota, serving an international customer base with both customized and standard proprietary products.

Sell -