Canadian private equity firm Walter Capital Partners, which launched last December with a $100 million commitment, has made a debut investment in Bonlook, a Montréal-based optical products company. No financial terms were disclosed. Founded in 2010, Bonlook specializes in providing fashionable, affordable eyeglasses and sunglasses to customers online and via a network of stores. Led by Co-founder and President Sophie Boulanger, Bonlook plans to use the initial and subsequent rounds of financing from Walter Capital to accelerate the brand’s expansion and develop a new omnichannel shopping platform.
Walter Capital Partners Closes Long-Term Deal with Montreal’s Bonlook
The fund – launched in 2015 – makes its first investment, in the optical field
Montreal, July 19, 2016 – Bonlook and Walter Capital Partners are proud to announce a major investment in the Montreal-based company specializing in the sale of optical products. This first round of funding, supported by a long-term commitment, will enable Bonlook to accelerate its expansion and develop its new omnichannel platform.
“We are pleased to announce this investment, which will allow Bonlook, a company with strong growth potential, to flourish in the coming years,” said Éric Phaneuf, Managing Partner at Walter Capital Partners. “When we met with the co-founders, leaders, and management team at Bonlook, we were quickly convinced that we shared common interests and values. As such, Bonlook is an obvious choice for our first investment because of its success in developing and implementing its strategies, and the potential for its brand. Our investment philosophy is focused on supporting entrepreneurs and SMEs; we are confident that this partnership will benefit us both.”
“The timing for working with Walter Capital Partners is strategic for our company. The quality of Walter Group’s management team and the depth of their combined experience are major assets to the execution of our ambitious growth plan,” said Sophie Boulanger, Co-founder and President of Bonlook. “Since 2011, Bonlook has offered customers a high-performance e-commerce platform; we have since added physical stores that supply professional advice and the chance to try our products in person. Thanks to the strong demand and enthusiasm for our brand, 20 new brick and mortar stores will be opening in various markets.”
The investment and support from Walter Capital Partners will allow Bonlook to reach its business objectives, and pave the way for further investments in the short and medium terms.
Founded in Montreal in 2011, BONLOOK is the ultimate destination for a wardrobe of frames that are both trendy and flawlessly designed. BONLOOK’s mission is to change the purpose of eyeglasses from seeing to being seen and its goal is to revolutionize the omnichannel shopping experience for eyewear. By making it more accessible, BONLOOK is elevating prescription eyewear to the rank of staple fashion accessory at an unbeatable value for money.
ABOUT WALTER CAPITAL PARTNERS
Walter Capital Partners is a private equity firm and part of the Walter Group. Walter Capital invests capital and know-how in established small and medium-sized businesses to help accelerate their growth. Drawing on the entrepreneurial values of the Walter Group and the business leadership expertise of its Managing Partners, Walter Capital offers solutions that are above and beyond purely financial transactions. Headquartered in Montreal, Walter Capital provides a solid international network.
For more information, please contact:
Cohn & Wolfe
Christine Boivin and Geneviève Benoît
514 845-7035 / 514 845-7071
Walter Capital Partners
Pierre Fitzgibbon, Managing Partner
Éric Phaneuf, Managing Partner
Photo courtesy of BonLook