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Meridian Adhesives Group Acquires Design Polymerics

September 9, 2022

Houston, TX- Meridian Adhesives Group (Meridian) announced today the acquisition of Design Polymerics, a manufacturer of high-performance sealants, adhesives, insulation mastics and indoor air quality products.

Design Polymerics was acquired by Lyle Davis in 1993, and the company has grown steadily over the past three decades. Through the company’s dynamic product line, commitment to sustainability, technical expertise and close partnerships with its customers, Design Polymerics has become a leader in the HVAC, Insulation and Indoor Air Quality industries.

“We are very excited about joining the Meridian team,” said Davis. “We believe Design Polymerics found the perfect partner to continue its growth and technical experience in our industry. We look forward to implementing manufacturing capabilities throughout the United States to better serve our customers while introducing new, innovative products to remain a leader in the HVAC, Insulation and IAQ industries.”

Design Polymerics will join Meridian’s Industrial Product Assembly Division alongside American Sealants, Inc.

“We are thrilled to have Design Polymerics join the Industrial Product Assembly Division of Meridian,” said Andrew Zaremba, President of the division. “We are looking forward to adding their proven product line to our portfolio and extending our reach into the HVAC market through Design Polymeric’s reputation as an industry leader in this space.”

This addition brings Meridian’s portfolio to 17 acquisitions and comes a day after American Securities’ announcement of the acquisition of Meridian from Arsenal Capital Partners.

“Design Polymerics is an excellent addition to our portfolio,” said Daniel Pelton, CEO of Meridian. “Management has built a solid adhesives company with a proven track record in the HVAC market, and I am excited to have Design Polymerics on board as we extend the Meridian footprint into new markets. This is the first of a new series of acquisitions to come with our new ownership American Securities, and we are thankful for their support as we continue to aggressively advance in the adhesives market.”

About Meridian Adhesives Group
Meridian Adhesives Group is a leading manufacturer of high-value adhesive technologies. With a broad portfolio of dynamic solutions, Meridian serves the electronics, infrastructure, and industrial (flooring, packaging, and product assembly) markets. The group’s operations are located in the Americas, EMEA, and Asia, with a multitude of sales/service offices worldwide that are positioned to serve Meridian’s global customer base. For more information, visit https://meridianadhesives.com.

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Markus Rech was appointed CEO of LoQu, one of Germany’s leading optical chains.

argos wityu

The LoQu Optical Group, company supported by Argos Wityu, appointed Markus Rech as CEO as of August 2022. Together with Christoph Wein, they will form the group’s management team in the future.

“With Markus Rech, we were able to gain a colleague with many years of experience in the retail sector,” commented Frank Hermann, Managing Partner at Argos Wityu and member of LoQu’s Advisory Board. “For the future of the group’s development, we are focusing on an omnichannel strategy. Markus Rech is very experienced in this area, and we look forward to further expanding LoQu’s market position together with him.”

Previously, Markus Rech was notably Managing Director for SportScheck and Engelhorn. He successfully led both stationary retail companies into the digital age and established them as omnichannel companies. “All of LoQu’s brands offer potential to further shape them and take them to the next level, especially in the digital area. This is an exciting task that I am very happy to take on,” says Markus Rech about his start.

Markus Rech succeeds Tammo Bruns, who left the company in July 2022. Ruth-Anna Gräff-Weißmann, currently also a member of the Management Board, will also leave the company at the end of the year as she wants to join her family’s business. Christoph Wein will remain CFO of the Group and will manage the company together with Markus Rech.

Argos Wityu

Coralie Cornet
Head of Communications
ccc@argos.fund
+33 (0)6 14 38 33 37

DACH Press

Sara Günnewig
sg@sguennewig.de
+ 49 178-854 9636

LoQu Optical Group GmbH, headquartered in Bad Kreuznach, is one of Germany’s leading optical chains, with more than 670 employees, around €60 million in sales and over 90 stores. Independent private equity firm Argos Wityu acquired a majority stake in aktivoptik Group in 2018 as part of a succession plan and renamed it LoQu Optical Group. The group combines the brands aktivoptik (opticians in the checkout areas of large supermarkets), Optikhaus (traditional premium opticians) and smykker (young brand, vertical concept) and is growing both by opening new stores and through selective acquisitions.

About Argos Wityu / www.argos.wityu.fund
Argos Wityu is an independent European investment fund that supports companies in the transfer of business ownership. It has assisted more than 80 entrepreneurs, focusing its investment strategy on complex transactions with emphasis on transformation, growth, and close collaboration with management teams. Argos Wityu seeks to acquire majority interests and invest between €10m and €100m with each transaction. With more than €1bn under management and 30 years of experience, Argos Wityu operates from offices in Brussels, Frankfurt, Geneva, Luxembourg, Milan and Paris.

Categories: People

Balance Point Announces its Investment in Apollo Intelligence, LLC

Balance Point Capital
Westport, CT, September 8, 2022 – Balance Point Capital Advisors, LLC (“Balance Point”), in conjunction with its affiliated fund, Balance Point Capital Partners V, L.P., is pleased to announce an investment in Apollo Intelligence, LLC (“Apollo”, or “the Company”).  Balance Point provided debt capital as part of a flexible financing solution as part of Frazier Healthcare Partners’ (“Frazier”) acquisition of the Company.
Founded in 2019, and headquartered in Watertown, MA, Apollo is a market leader in life science research and insights.  Apollo’s unique integration of healthcare stakeholder access, powerful tech-enabled analytic tools, and domain expertise enables global healthcare organizations to efficiently develop, refine, and deliver life-changing innovations.  Through the Company’s proprietary, global, healthcare professional (HCP) panels, agile research platform, and expert services, Apollo delivers valuable insights that help life science companies make timely, informed decisions.
“We are thrilled to support an established industry leader such as Apollo, and we are excited to partner for the first time with Frazier Healthcare Partners,” said Balance Point Managing Partner Seth Alvord.
“Apollo holds a clear leadership position in today’s life sciences research landscape, and we believe that Frazier adds significant experience and resources to help Apollo grow,” added Nathan Elliott, Senior Managing Director at Balance Point Capital.
Daniel S. Fitzgerald, CEO and president of Apollo, said, “We are happy to have Balance Point as part of our team.  They are constructive, know our industry well, and support our mission to accelerate health innovation to improve life, as well as our strategy for growth.”
About Balance Point
Balance Point is an alternative investment manager focused on the lower middle market. With approximately $1.7 billion in assets under management, Balance Point invests debt and equity capital in select lower middle market companies across a variety of investment vehicles. Balance Point takes a long-term, partnership approach to investing and is committed to building lasting relationships with its partners, management teams and intermediaries.  Balance Point is a registered investment advisor. Further information is available at www.balancepointcapital.com.
About Apollo Intelligence
Apollo Intelligence’s mission is to accelerate health innovation to improve life. In 2019, Apollo launched with the acquisition of InCrowd, the pioneer of real-time, automated insights for the life science industry. To complement InCrowd and strengthen its global reach, in 2020, Apollo acquired Survey Healthcare Global, a global market leader of first-party healthcare data collection and custom survey solutions. Apollo provides access to 2 million healthcare stakeholders worldwide—including physicians, patients, caregivers, and allied healthcare professionals. Apollo’s 250+ employees support top global pharmaceutical brands, market research agencies, and consultancies across 13 different countries in the Americas, Europe, and Asia. For more information about Apollo, please visit our website at www.apollointelligence.net.

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Update in EQT AB’s Executive Committee

eqt

Starting Q4, 2022, Caspar Callerström will step down from the Group Executive Committee. He will remain dedicated to the firm and move into internal advisory roles where his experience and expertise remain valued.

Caspar served as Group COO for six years, before securing his succession in Christina Drews, who joined in June 2022.

Categories: People

Ardian closes its second-generation Americas Infrastructure fund at US$2.1bn

Ardian

Latest fund demonstrates Ardian’s leadership in the infrastructure investment mid-market segment in America.

Ardian, a world-leading private investment house, today announced the final closing of US$2.1bn for its latest Americas infrastructure fund – Ardian Americas Infrastructure Fund V (AAIF V). Continuing its successful investment strategy, AAIF V will invest in high-quality, mid-market US and other OECD American essential infrastructure assets in the telecommunications, transportation, and energy transition sectors.

The Ardian Infrastructure team now has over US$21bn assets under management across the globe. AAIF V was significantly oversubscribed, exceeding its hard cap of US$2.0bn, and significantly larger than the inaugural AAIF IV which raised US$800mm in 2018.

The successful fundraise attracted over 60 investors from 17 countries across the Americas, Europe, Middle East and Asia, comprising major pension funds, insurance companies, sovereign wealth funds, Fund of Funds, endowments and high-net-worth investors. With a mix of returning investors, who on average doubled their previous commitments to the strategy, and new investors, the successful fundraising of AAIF V demonstrates the growing appetite for Ardian’s Americas infrastructure and asset management strategies.

“We are thankful for the support of our new and existing investors.  The success of our latest fundraise clearly demonstrates their continued trust in our approach. We will continue to prioritize long-term value creation through our disciplined industrial approach.” Mathias Burghardt, Member of the Executive Committee and Head of Ardian Infrastructure

“Closing a fund that is more than 2.5 times larger than its predecessor is an important achievement for the team and validation of our investment strategy in the Americas. The amount recommitted by our existing investors is further testament to the strong performance of the previous generation.” Stefano Mion, Co-Head of Ardian Infrastructure Americas

“The market opportunity for high-quality, mid-market infrastructure assets is compelling, and even more so with the powerful tailwinds from the Inflation Reduction Act. Our ability to leverage Ardian’s strong proprietary deal flow along with our industrial approach positions us exceptionally well in the current environment.” Mark Voccola, Co-Head of Ardian Infrastructure Americas

Since Ardian launched its dedicated Americas infrastructure fund in 2018, the team has deployed more than US$1bn in six investments across the energy, renewables and transportation sectors. It also grew the headcount of Ardian Americas infrastructure investment team to 13 over the past four years.
The team will continue to leverage its international network of industrial partners, construction companies and infrastructure operators, while continuing its successful approach of developing long-term relationships with local stakeholders, communities and regulators.

The fund is already over 15% committed via an infrastructure transaction acquiring Unison, a leading buyer and manager of telecom site properties in the U.S., to build a global platform of wireless infrastructure assets.

Ardian is an international leader in essential infrastructures. The Infrastructure team, which comprises more than 60 investment professionals worldwide including financial experts, operational engineers and data scientists, manages more than US$20bn. Ardian Infrastructure believes that bringing technological innovation is a key element of value creation through the increase of the assets operational efficiency. Ardian is also a pioneering manager in decarbonizing infrastructure assets in line with global climate change agreements. As part of its commitment, Ardian is developing a major renewable energy portfolio and introducing energy efficiency policies across all of its portfolio companies.

ABOUT ARDIAN

Ardian is a world leading private investment house, managing or advising $141bn of assets on behalf of more than 1,300 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. We also provide a specialist service for private clients through Ardian Private Wealth Solutions. Ardian is majority-owned by its employees and places great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 900+ employees, spread across 15 offices in Europe, the Americas and Asia, are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility. At Ardian we invest all of ourselves in building companies that last.

www.ardian.com

Media Contacts

ARDIAN US

THE NEIBART GROUP

ardian@neibartgroup.com

 

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Ste. Michelle Wine Estates acquires A to Z Wineworks

Sycamore

WOODINVILLE, Wash. (September 7, 2022) – Ste. Michelle Wine Estates (“Ste. Michelle”) has acquired A to Z Wineworks (“A to Z”), a top-selling winery in Oregon. This is the first strategic acquisition for Ste. Michelle Wine Estates under the ownership of private equity firm Sycamore Partners.

Together with Ste. Michelle’s Erath Winery, the addition of the A to Z and REX HILL brands gives Ste. Michelle a substantial presence in Oregon and the combined business will be a leading producer of the state’s signature variety, Pinot Noir.

“We are delighted to welcome A to Z to the Ste. Michelle family,” said David Dearie, President and CEO of Ste. Michelle Wine Estates. “Erath and A to Z share the same passion for producing high quality wines at fair prices, making A to Z a natural fit for Ste. Michelle. The future of Pacific Northwest wines – both Oregon and Washington – is bright and we’re excited to introduce new consumers across the country and around the world to the full complement of our region’s outstanding wines.”

Amy Prosenjak, President and CEO of A to Z, will join Ste. Michelle as President of Oregon Brands, overseeing the company’s combined operations in the state.

“I’ve long admired Ste. Michelle’s leadership in the Pacific Northwest and their decades-long commitment to promoting the region’s wines,” said Ms. Prosenjak. “Bill Hatcher, who is retiring as Chairman of the Board for A to Z, gave me the great gift of mentorship over the years. With such deep roots, I look forward to joining David and the Ste. Michelle Senior Leadership Team and together raising the bar even higher for Oregon and the Pacific Northwest.”

In addition to Ms. Prosenjak, A to Z Founding Partners Deb Hatcher, Cheryl Francis, and Sam Tannahill will join Ste. Michelle as consultants. A to Z’s Founding Partners started the company 20 years ago and have worked tirelessly to create the highest quality wine for the greatest sustainable value, a goal that remains the company’s guiding principle. In addition to developing into one of Oregon’s most iconic wineries, A to Z became a certified B Corp in 2014 in recognition of its positive environmental practices.

“We could not have found a better partner than Ste. Michelle to carry on the legacy of both A to Z and REX HILL,” said Ms. Hatcher. “They understand the Pacific Northwest better than anyone, and they know what it takes to promote an entire region on the global stage.”

“Ste. Michelle understands quality and production for both small and large wineries,” said Francis. “We are excited to work with Ste. Michelle to further Oregon’s hard-earned reputation for producing world-class wines.”

Added Tannahill, “Ste. Michelle has always taken a long-term view regarding grape-growing and winemaking, including their commitment to sustainability and their support for viticulture and enology research.”

BNP Paribas Securities Corp served as financial advisor to A to Z. Bank of the West is continuing as the lender to both Ste. Michelle and A to Z. Kirkland & Ellis acted as legal counsel for Ste. Michelle and Tonkon Torp supported A to Z.

Terms of the transaction were not disclosed.

About Ste. Michelle Wine Estates

Ste. Michelle Wine Estates is the largest winery in the Pacific Northwest and among the largest premium wineries in the United States. With a distinguished history that dates to 1934, the winery now farms more than 30,000 acres across Washington, Oregon, and California and distributes its wines in over 100 countries. Ste. Michelle Wine Estates pioneered vinifera winegrowing in Washington and remains the driving force behind viticulture and enology research in the state, including the establishment of the Washington State University viticulture and enology program and the construction of the university’s research and teaching winery, now named the Ste. Michelle Wine Estates WSU Wine Science Center.

Ste. Michelle traces its roots to shortly after the repeal of Prohibition, through the founding of The Pommerelle Company and the National Wine Company (NAWICO) in 1934 and 1935, respectively. Pommerelle and NAWICO merged in 1954 and became American Wine Growers. American Wine Growers first produced wines under the Ste. Michelle Vineyards label in 1967. Ste. Michelle first entered Oregon with the purchase of Erath in 2006.The Ste. Michelle Wine Estates portfolio includes Chateau Ste. Michelle, 14 Hands, Columbia Crest, Erath, A to Z, H3, Liquid Light, Intrinsic, REX HILL, Spring Valley Vineyard, Patz & Hall, and Northstar, along with several other premium brands. The winery also has partnerships with Marchesi Antinori (Stag’s Leap Wine Cellars and Col Solare), Ernst Loosen (Eroica), and Michel Gassier (Tenet). Ste. Michelle Wine Estates serves as the exclusive U.S. importer for Marchesi Antinori and Champagne Nicolas Feuillatte. For more information, please visit www.smwe.com.

About A to Z Wineworks

A to Z Wineworks captures “The Essence of Oregon” by carefully blending wines true to their variety exclusively sourced from vineyards strung through Oregon’s remarkable Western valleys. The company sets the standard for cool climate, food-friendly Oregon Pinot Noir, Pinot Gris, and Chardonnay. A to Z Wineworks is Oregon’s top-selling brand known for dependable, affordable quality. For more information visit www.atozwineworks.com.

About Sycamore Partners

Sycamore Partners is a private equity firm based in New York. The firm specializes in retail, consumer, and distribution-related investments and partners with management teams to improve the operating profitability and strategic value of their business. With approximately $10 billion in aggregate committed capital raised since its inception in 2011, Sycamore Partners’ investors include leading endowments, financial institutions, family offices, pension plans and sovereign wealth funds. For more information on Sycamore Partners, visit www.sycamorepartners.com.

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Applied Adhesives Acquires In-Line Finishing Solutions, LLC

Arsenal Capital Partners

Minnetonka, MN– APPLIED Adhesives, a premier adhesive solutions provider in North America, today announced that it has completed its acquisition of In-Line Finishing Solutions, LLC, a specialty adhesive and coating solutions provider to the Direct Mail (DM) and Label Converting markets located in Chicago, IL. This acquisition strengthens APPLIED’s commitment to providing industry-leading solutions, technical expertise, and outstanding service to its customers.

“In-Line Finishing Systems’ core values align with APPLIED’s commitment to developing customized, high-quality, innovative adhesive solutions that help our customers achieve their business goals, “said John Feriancek, President and CEO of Applied Adhesives. “We are pleased to welcome the In-Line team to APPLIED and look forward to providing outstanding service to their customers.”

“Since its inception, in 2006, In-Line Finishing Solutions has been a technical specialist for the Direct Mail and Label Converting marketplaces. We are thrilled about what this acquisition means to our loyal customer base and prospects for future synergies and growth,” said Scott Goldstein, owner of In-Line Finishing Systems, LLC. “Not only will our customers continue to enjoy the same business philosophy of relentless service and a commitment to providing industry-leading products, but they will now have increased purchasing scale. Our sales and support team members look forward to continuing to serve our customers under APPLIED.”

About APPLIED Adhesives
APPLIED Adhesives, founded in 1971, is a premier custom adhesive solutions provider in North America. The company is a value-added distributor of hot melt, water-based, and reactive adhesives as well as dispensing equipment. APPLIED Adhesives serves as a critical supply chain partner to leading adhesive manufacturers and formulators by offering reach and high service levels to an expansive customer base. For more information, please visit appliedadhesives.com.

About In-Line Finishing Systems, LLC
Located in Chicago, IL, In-Line Finishing Systems, LLC is a specialty adhesive and coating distributor with over 16 years of providing innovative solutions to the Direct Mail (DM) and Label Converting markets in North America. Its customer-centric market approach is to provide product innovation, fast turnaround time on orders, and consolidated inventory supply.

APPLIED Adhesives Media Contact:
David Posadas
Vice President of Marketing
dposadas@appliedproducts.com

Categories: News

Advent International appoints Susan Gentile to Chief Financial Officer

Advent International

Eileen Sivolella to remain at firm as strategic advisor to support transition

BOSTON, September 6, 2022 – Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of Susan Gentile as Chief Financial Officer and Managing Director, effective October 1st. Ms. Gentile will succeed Eileen Sivolella, who has served in the role since 2009 and will assume the role of strategic advisor on an interim basis to provide continuity and ensure a seamless transition.

Ms. Gentile brings nearly two decades of experience across financial services. She most recently served as Chief Financial & Administrative Officer at H.I.G. Capital, where she was responsible for leading the strategic direction of the global private investment firm since 2018, including managing its development and growing assets.

“Susan is a talented leader who combines financial, strategic and operational expertise with hands-on experience growing innovative businesses. Her impressive set of leadership skills will be invaluable as we seek to continue accelerating Advent’s growth and capabilities,” said John Maldonado, Managing Partner. “We are thrilled for Susan to join the firm and are confident that the impact of her commitment and guidance will extend beyond Advent, creating sustainable value for our management teams and portfolio at large.”

Prior to joining H.I.G. Capital, Ms. Gentile spent almost five years at Oaktree Capital Management, where she served as Chief Accounting Officer and Managing Director, overseeing more than $100 billion in assets and 200 professionals across offices globally. Before joining Oaktree in 2013, Ms. Gentile held senior-level accounting roles at The Clorox Company and Levi Strauss. She began her career in the audit and assurance practice of Deloitte.

“I’m very excited to be joining Advent’s outstanding management team and to be returning to Boston,” said Ms. Gentile. “Advent has long employed a strategy of investing that capitalizes on its strengths: global reach, strong operational resources and the deep expertise and entrepreneurial approach of the firm’s professionals. I look forward to supporting the continued leadership of the firm and its various partnerships and engagements.”

Ms. Gentile serves as the Audit Committee Chair for the Honest Company. She holds a Bachelor of Science and Bachelor of Arts degree in Finance from Boston University and is a Certified Public Accountant (CPA).

“As we welcome Susan, we also to want to recognize the instrumental role Eileen has played over the last 13 years. Her contributions have been integral to the success, growth and evolution of the firm,” added Maldonado. “We are incredibly grateful for Eileen’s outstanding leadership and for her willingness to serve in an advisory position, and we wish Eileen and her family the very best in this exciting next chapter.”

ABOUT ADVENT INTERNATIONAL

Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in over 395 private equity investments across 41 countries, and as of March 31, 2022, had $75.9 billion in assets under management. With 15 offices in 12 countries, Advent has established a globally integrated team of 270 private equity investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology. For over 35 years, Advent has been dedicated to international investing and remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies.

For more information, visit
Website: www.adventinternational.com
LinkedIn: www.linkedin.com/company/advent-international

 

Media contacts

US
Zachary Tramonti or Sophia Templin
FGS Global
Tel: +1 212 687 8080
AdventInternational-US@FGSGlobal.com

UK
Graeme Wilson or Harry Cameron
Tulchan Group
Tel: +44 20 7353 4200
Advent@tulchangroup.com

Categories: People

Oakley invests in global legal information platform vLex

Oakley

Oakley Capital (“Oakley”), the pan-European private equity investor, is pleased to announce that Oakley Capital Origin Fund is partnering with the founders of vLex, a cloud-based legal information subscription platform.

 

Founded by brothers Lluis and Angel Faus and headquartered in London, Miami and Barcelona, vLex provides over two million users with access to an online library of global legal and regulatory information including case law, legislation, journals and dockets from over 100 countries. vLex’s scalable and smart data ingestion process, coupled with AI-powered search engine functionality makes research and analysis faster and easier, increasing productivity for users. The Company’s diverse customer base includes law firms, universities and law schools, government agencies and corporates across Europe, Africa, Asia, Oceania, the Caribbean, and the Americas.

Icons8 Add To Cloud

Cloud-based, online subscription platform offering easy access to global legal & regulatory information

Icons8 Crowd

Clients include law firms, universities, corporations and government agencies

Icons8 Increase

Digitisation and increasing legal and regulatory complexity driving growth in $21bln global LegalTech market

Quote Peter Dubens

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Oakley Capital agrees follow-on investment in Facile

Oakley

Oakley Capital (“Oakley”) is pleased to announce that Oakley Capital Fund V (“Fund V”) is investing in Facile.it (“Facile”), Italy’s largest online price comparison platform.

Following the sale of Oakley Capital Fund III’s (“Fund III”) investment in Facile, Fund V will acquire a minority stake in the business alongside Silver Lake. Founded in 2008 and headquartered in Milan, Italy, Facile first pioneered online motor insurance brokerage, for which it is the clear market leader in Italy today. Over time, Facile successfully diversified its offering by adding new product lines including gas & power, broadband, mortgages, consumer loans and, more recently, a new car sales marketplace platform.

Founded in 2008 and headquartered in Milan, Italy, Facile first pioneered online motor insurance brokerage, for which it is the clear market leader in Italy today.

Facile

Silver Lake

The fresh investment from Fund V and Silver Lake will reinforce Facile’s position as the clear leader in the Italian Online Price Comparison market, whilst continuing to invest in and broaden Facile’s product range. This will help to accelerate the company’s strong growth trajectory across its core verticals, its recently launched growth verticals as well as future potential new product launches to strengthen the value proposition to both Italian consumers and partners.

In partnership with Silver Lake, Oakley will leverage its successful track record in the digital consumer space to support Facile’s management team and fulfil its strong growth potential.

The transaction is subject to regulatory approval.

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