MONTREAL, QUEBEC--(Marketwired - 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.