Mark’ennovy Completes Growth Funding
Date 26 October 2018
Type Investment Banking
Accelerating global development for the leader in custom fit extended range contact lenses
October 23rd, 2018 – Mark’ennovy Personalized Care, European-based provider of precision contact lenses, is pleased to announce the completion of a significant debt and equity funding package. Bond Capital Partners, a London based, independent investor and advisor to small and medium-sized businesses has acquired a notable interest in the Group. In parallel, additional debt finance was provided by Alantra, a global mid-market investment banking and asset management firm.
George Sarrouf, Chairman, CEO and majority shareholder of Mark’ennovy, commented: “This newly founded alliance allows us to accelerate new product development focused on an almost infinite choice of daily and monthly soft contact lenses. With a significantly wider range of materials, geometries and parameters we will provide access to contact lens wear that previously was unavailable.”
London-based firm, Bond Capital Partners, brings a wealth of experience in contact lenses having previously invested in the European eye-care industry. Comments Mark Opzoomer CEO of Bond Capital Partners, “Mark’ennovy has a powerful, but understated position in the market. The company has the potential to provide practitioners with a unique product range disrupting the ‘one size fits all’ mentality to one which provides precision-based solutions.”
The partnership with Bond Capital Partners and Alantra Private Debt follows the successful launch of Versa One Day Toric, Mark’ennovy’s first endeavour into daily disposable contact lenses. Versa provides practitioners with a wider range of cylinders, spheres and axes in the increasingly pre-dominant daily disposable lens market. This will better serve a larger contact lens wearer population that would otherwise be required to wear monthly disposable contact lenses.
Mark’ennovy is a provider of precision daily and monthly soft contact lenses. Their unrivalled combination of contact lens parameters, geometries, materials and expert technical advice is backed by world class manufacturing technology and an exclusive focus on the Eye Care Professional.
About Bond Capital Partners
Bond Capital Partners www.bondcapitalpartners.com is a, mid-market private equity investor and adviser. Working with their family office partners, they have previously successfully invested in the eye-care sector.
Alantra is a global investment banking and asset management firm focusing on the midmarket with offices across Europe, the US, Latin America and Asia
The Asset Management division comprises a team of 80 professionals with €4.4bn in Private Equity, Active Funds, Debt, Real Estate and Wealth Management
In Private Debt, Alantra provides flexible long-term solutions to small- and mid-sized companies across Spain and Southern Europe. This division currently manages over €250 Mn in AuM and is one of the most active senior debt funds in Spain by number of deals (14 in the last three years)