Calgary optometry company FYidoctors scores more than $100-million in private equity investment [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
Calgary optometry company FYidoctors scores more than $100-million in private equity investment A Calgary company backed by Dragons’ Den star Arlene Dickinson that has consolidated optometry practices across Canada has raised a nine-figure sum from U.S. private equity giant L Catterton. FYi Eye Care Services and Products Inc., led by eye-doctor-turned-chief-executive Alan Ulsifer, has built a network of 250 locations, with 500 optometrists and 2,700 employees and annual revenues exceeding $350-million. The company, operating as FYidoctors, makes its own eyeglass lenses at a facility in Delta, B.C. “We love the brand,” said Andrew Taub, managing partner in L Catterton’s flagship buyout fund, which invests US$50-million to US$400-million a deal. The firm, based in Greenwich, Conn., has backed dozens of consumer-focused brands including Restoration Hardware Inc., Peloton Interactive Inc. and Outback Steakhouse owner Bloomin’ Brands Inc. It’s believed the amount invested in FYidoctors exc
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