Oakley Capital Investments Limited has announced its indirect contribution to the acquisition of Horizons Optical through Oakley Capital Origin Fund I. The investment is expected to be approximately £9 million, representing OCI's share of Oakley's overall investment in Horizons Optical. Horizons Optical is a provider of medical software used to produce premium spectacle lenses, and Oakley's investment reflects its strategy of partnering with founder-led, entrepreneurial businesses to help them innovate and grow.
Horizons Optical, founded in Barcelona in 2017, offers proprietary and patented software used by independent laboratories worldwide to manufacture bespoke, 'progressive' lenses that correct a range of eye conditions. The company has a strong historical track record of double-digit revenue growth and operates in a lens market with strong, long-term growth prospects. Its technology is positioned in the highest value-added segments of the optical industry, and it also provides equipment for opticians to measure relevant facial parameters for the manufacturing of lenses and frames.
Oakley's investment in Horizons reflects its commitment to Iberia as a key investment destination and its strategy of partnering with disruptive market leaders. The company plans to leverage its expertise to help Horizons accelerate its international growth plans and support investment into research and development, as well as sales and marketing. Oakley's co-founder and Managing Partner, Peter Dubens, expressed excitement about working with Horizons Optical, emphasizing the company's disruptive market leadership and strong software IP.
Horizons Optical CEO Santiago Soler highlighted the company's focus on quality, innovation, and exceptional customer care, expressing enthusiasm about partnering with Oakley to embark on the next stage of expansion. He emphasized the potential for further international growth and the benefit of leveraging Oakley's expertise to expand the company's service offering and drive professional improvements across the business.
Overall, Oakley Capital Investments Limited's investment in Horizons Optical represents a strategic move to support a disruptive market leader in the optical industry and leverage its expertise to drive international growth and innovation.