Walter Capital Partners acquires control of Bonlook

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By Ted Liu

Walter Capital Partners has made a new major investment in Bonlook, a company specializing in the sale of optical products both online and in-store.

Walter Capital Partners initially invested in Bonlook in July 2016 and was the largest shareholder of Bonlook prior to the new financing.

The new funding will enable Bonlook with the opportunity to continue to grow its online presence and expand its vast network of stores. Bonlook currently has 195 employees and 15 stores, and sells its products online in 25 countries.

“We’re enthusiastic about continuing our collaboration with Bonlook’s cofounders and their teams, building upon the outstanding working relationship we’ve developed together over the past year. Our partnership will pursue the rapid development of the Bonlook brand, which is enjoying ever-greater recognition,” said Éric Phaneuf, Managing Partner of Walter Capital and a director of Bonlook.

“As a result of the enthusiasm generated by the opening of our first stores, we intend to expand our network to approximately 50 points of sale in Canada by 2020, as a complement to our online sales platform. Tips and advice provided by our in-store stylists and opticians enhance the customer experience at all our locations,” said Sophie Boulanger, Bonlook co-founder and President. “The financial backing from Walter Capital Partners, as well as the strategic advice and ongoing support from its teams, will enable us to achieve the objectives of our ambitious growth plan.”

Walter Capital Partners is a private equity firm and part of Walter Financial Inc. Walter Capital invests capital and know-how in established small and medium-sized businesses to help accelerate their growth.

photo credit: Bonlook