BPM Mezzanine Fund exited its investment in the largest Baltic optics retail chains operator OC Vision

25 May 2021

BPM Mezzanine Fund SICAV-SIF, SCA (BPM) invested in OC Vision to support the management team in the buy-out of the company back in May 2016. OC Vision attracted financing from Altum Covid-19 Fund in April and Altum’s investment was used to refinance existing investors, involving BPM.

Commenting on the deal, Partner of BPM Capital, Mr. Martin Reinson, noted that we were pleased to work with the Company for 5 years and have appreciated the Company’s effort in expanding the business, as well as steering it through the Covid-19 storm, which had a significant impact on the retail sector. We wish the Company all the best for the future and are confident that OC Vision will continue on the top of the Baltic optics retail market with the backing of Altum’s Covid-19 Fund. It is good to see Altum’s Covid-19 Fund as a new investor in the market, who is ready to take bold steps and act fast.

Gatis Kokins, Member of the Board at OC Vision, added: “it was a pleasure to work with BPM, they were flexible, fast and professional. Those qualities are extremely important in turbulent times, such as the last year of Covid-19. I hope we can cooperate again in the future.”

For further inquiries, please contact:
BPM Capital: Martin Reinson, tel: +372 605 0072, e-mail: martin.reinson@bpmcapital.eu
OC Vision: Gatis Kokins, tel: +371 2920 9799

About BPM Capital
BPM Capital (www.bpmcapital.eu) is an independent investment manager operating out of two offices, in Tallinn and Warsaw. It has been founded and is managed by Kalmer Kikas, Martin Reinson, Paweł Zabrzycki and Priit Veering. BPM is supported by prominent international and domestic institutional investors. BPM was originated through the Baltic Innovation Fund initiative created by cooperation between Estonia, Latvia, Lithuania and the European Investment Fund. Portfolio companies include MarkIT, OC Vision (exited), DEAC (exited), Eskaro (exited), Corle, Tahe Outdoors, DenEesti, Smiltenes Piens (exited), iDS, and Zoo Factory.

About OC Vision
OC Vision (https://www.ocvision.eu/en) is a leading optics retail chain operator in Latvia and Lithuania with shops operating under brands Vision Express, Optio, Vizionette and Lornete.


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