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Foresight makes GBP3m investment in Ollie Quinn

Private equity investment manager Foresight Group has completed a GBP3 million investment into Ollie Quinn, via Foresight VCT, to fund the rollout of additional stores throughout the UK and Canada.

Ollie Quinn is a branded retailer of prescription glasses, sunglasses and non-prescription polarised sunglasses based in the UK and Canada.
 
The group has experienced strong growth since inception in 2013, and now has 16 stores across two countries.
 
Foresight’s private equity team continues to be very active in the UK SME market. The team completed 12 investments during 2016 and Oliver Quinn is among five completed in the first quarter of 2017.
 
Lizzie Ryan, investment manager, Foresight, says: "We are delighted to invest in Ollie Quinn to help facilitate the rollout of additional stores throughout the UK and internationally. Ollie Quinn represents a compelling opportunity to build a leading branded eyewear retailer at a competitive price point in a growing market. Management have demonstrated strong growth rates since inception and we look forward to working with them to accelerate the rollout over the coming years.”
 
David Garrett, founder and CEO, says: "Following the successful launch of Ollie Quinn last week, we are really excited to have brought Foresight on as a partner. It has been a pleasure working with Foresight’s experienced investment team, who we look forward to working with to bring the Ollie Quinn eyewear experience to new customers across the country.
 
“Ollie Quinn is all about customer experience. While it is naturally about providing high quality and affordable eyewear, it is also about getting to know our customers so they feel a part of the Ollie Quinn family. Foresight share these values and have fully embraced our team culture; it is a mutual priority to see this culture strengthen as we grow together.”

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