BUSINESS New Look Vision Group to Acquire Luxury Optical Holdings, Creating Largest Network of Premium Locations in North America By Staff Tuesday, November 30, 2021 4:00 PM MONTREAL, Quebec and NEW YORK—New Look Vision Group announced today that it has entered into a definitive agreement to acquire New York based Luxury Optical Holdings (LOH). With its existing luxury optical presence in Canada, its prior acquisition of Edward Beiner Group in 2020 and the previously announced partnership with Black Optical earlier this year, New Look Vision Group is now one of the leading luxury optical groups worldwide. The LOH acquisition will more than double New Look's footprint in the U.S., the company said.New Look Vision Group is backed by San Francisco based FFL Partners and Montreal based Caisse de dépôt et placement du Québec (CDPQ), following its go private transaction that closed earlier this year, as VMAIL reported in a deal which closed in May.LOH is the largest luxury optical retailer in the U.S., carrying on business primarily under the Morgenthal Frederics, Robert Marc, Salle Opticians, Georgetown Optician and Leonard Opticians retail banners. LOH now has a network of 34 locations and a long established presence in premium markets such as Manhattan, Los Angeles, Miami, Washington D.C., Atlanta, Chicago and Aspen.In addition, LOH continues to expand its atelier that designs and manufactures small production batches of high quality buffalo horn, titanium, acetate and slate eyewear in factories in Germany, Japan and France. LOH exclusively distributes Robert Marc, Lunor and Morgenthal Frederics brands to hundreds of high-end independent eyecare professionals across North America.LOH, and its brands underneath, will remain a separate stand-alone business unit within New Look Vision Group under the leadership of Tim Mayhew. New Look Vision Group is acquiring LOH from Chicago based Monroe Capital, a $11.2 billion asset manager focused on middle market businesses.Antoine Amiel, president and CEO of New Look Vision Group, stated, “I feel privileged to welcome the LOH team into our organization. I am in awe of LOH’s achievements of the past years, under Tim Mayhew’s corporate leadership. The transaction will be a major step forward for both organizations, with particular focus on expansion—both retail and wholesale—and product development.”Tim Mayhew, CEO of LOH, added, "I am proud to be joining forces with New Look Vision Group and creating the largest collection of luxury optical stores. LOH partners with the best independent eyewear designers and opticians and is grateful to be part of this community. Antoine Amiel and I share a belief that eyewear is the most important luxury accessory and I look forward to working with him to build a premium global optical company."The terms of the transaction have not been disclosed and are subject to customary closing conditions.New Look Vision Group is the largest optical group in the eyecare industry in Canada and has been rapidly expanding in the U.S. since its acquisition of Edward Beiner in March 2020 and partnership with Black Optical in 2021. New Look Vision Group has a network of 428 locations operating mainly under the Iris, New Look Eyewear, Vogue Optical, Greiche & Scaff and Edward Beiner banners and a laboratory facility using state-of-the-art technologies.