SEAPORT ODLM STARTS A NEW PHASE OF EXPANSION WITH THE SUPPORT OF B & CAPITAL
B & Capital is pleased to announce it has acquired a majority stake in Seaport ODLM, alongside co-founder Francis Kessous, who has reinvested part of his proceeds in the transaction. Guy Azoulay, co-founder, has sold his shares and steps down from the Group’s top management. Francis Kessous is the new Chairman & CEO and will continue to handle the day-to-day operations and implement the Group’s strategy.
This is the first time Seaport ODLM undergoes a LBO. The company is the 9th investment of RB Capital France 1, the fund managed by B & Capital.
Founded in 1985 by Francis Kessous and Guy Azoulay, Seaport ODLM creates, designs, sells and distributes frames for eyeglasses and sunglasses in the affordable luxury segment…