private

Independent CL Distributor Allied Vision Acquired by Private Equity Group

Harvey Berkowitz.​ FORT LAUDERDALE, Fla.—Hammond, Kennedy, Whitney Company Inc. (HKW), a private equity firm with offices in Indianapolis and New York, has acquired Allied Vision Group, an independent distributor of contact lenses, optical products and pet medications, according to a joint announcement earlier this week. The transaction enables Allied Vision, which is based here, to “transition its ownership to a new generation of leaders and to fund its growth,” according to the announcement. Financial terms of the deal were not reported. Allied Vision was co-founded in 1989 by Bob Tardell and Jules Saland and is one of the largest independent…


New Look Vision Group’s $50 Million Private Placement to Help Fund Iris Acquisition

MONTREAL—New Look Vision Group Inc. (TSX:BCI) reported this week that it has completed a previously announced private placement of subscription receipts for aggregate gross proceeds of $50 million. In a statement, New Look Vision said it intends to use the proceeds of the offering, along with funds obtained from its credit facilities, to fund the previously announced acquisition of all of Iris Le Groupe Visuel (1990) Inc. As VMail reported, New Look Vision entered into a definitive agreement earlier this month to acquire Iris Le Groupe Visuel, a leading retail eyecare provider across Canada with a network of 150 locations…


Tom Ford by Marcolin Launches Private Eyewear Collection

LONGARONE, Italy—Marcolin has announced the launch of the Tom Ford Private Eyewear Collection, a special edition of five sunglasses and six optical frames designed for the eyewear connoisseur. This 11-piece collection commemorates Tom Ford’s 11 years of making eyewear. “These are the frames that I personally wear and in some instances originally designed only for myself. This is truly my own private collection,” said Tom Ford. “In most cases, these editions of my favorite frames have been produced in new elevated materials that are uncommon in most commercially produced frames.” Crafted from premium materials, the collection utilizes real buffalo horn…


NovaBay Pharmaceuticals Announces $2.83 Million Private Placement Agreement

EMERYVILLE, Calif.—NovaBay Pharmaceuticals, Inc. (NYSE MKT:NBY) a biopharmaceutical company focusing on commercializing its Avenova Lid and Lash Cleanser for the domestic eyecare market, announces that it has entered into three securities purchase agreements for the sale of 1,518,567 shares of common stock for approximately $2.83 million. Investors in the private placement include Jian Ping Fu and Pioneer Pharma (Singapore) Pte. Ltd. Fu is president of Greenwood Capital, an Australian investment company with a portfolio spanning property, health centers, Australian food exports and cultural exchange. Pioneer Pharma (Singapore) Pte. Ltd., together with its affiliates, is NovaBay’s largest shareholder. China Kington Asset…


Optovue Announces $30M Private Equity Investment With Delta for Expansion in OCT Technologies

FREMONT, Calif.—Optovue, Inc., a global leader in the development and commercialization of optical coherence tomography (OCT) and OCT angiography technology for the eyecare market, announced it has executed an agreement to receive $30 million in private equity funding from Deltronics (Netherlands) B.V., a subsidiary of Taiwan-based Delta Electronics, Inc., a global leader in power and thermal management solutions. The funding will enable Optovue to expand its current imaging platforms, and to further the commercialization and development of applications for the AngioVue Imaging System, its newest innovation that embodies OCT angiography. This long-term investment also allows Delta to extend its strategic…