Linzor Capital Partners announces transaction in Mexico
Mexico City, October 10, 2014.- Opticas del AH, a Linzor Capital Partners portfolio company, merged with Devlyn Holdings, parent company of Opticas Devlyn, the best-known brand in the Mexican optical industry, creating the largest eyewear retailer in Latin America with 1,170 points of sale. The combined entity, based in Mexico with presence in Central America and the USA, benefits from a unique multi-format platform covering diverse retail channels (stand-alone and store-in-store formats) and socio-economic target markets with integrated capabilities, including a state-of-the-art laboratory and a network of ophthalmology clinics. For Michael Devlyn “this strategic alliance will generate synergies enabling a more comprehensive offer for our customers”. According to Cipriano Santisteban, partner at Linzor Capital, “we are delighted to join forces with Devlyn, an outstanding operator in the eye care industry to create the largest optical retail network and expand high quality eye care coverage in Mexico and Latin America”. The combined entity will be controlled by the Devlyn family.