<article>South Korean private equity (PE) firm <a href="https://www.dealstreetasia.com/tag/VIG-Partners/">VIG Partners</a> has announced that it will invest $128.5 million, including $30.8 million of convertible shares, in local cosmetic contact lenses manufacturer Star Vision.</article>

South Korean private equity (PE) firm <a href="https://www.dealstreetasia.com/tag/VIG-Partners/">VIG Partners</a> has announced that it will invest $128.5 million, including $30.8 million of convertible shares, in local cosmetic contact lenses manufacturer Star Vision.
The investment will be conducted through VIG’s vehicle Fund III, with a corpus of $655.2 million (700 billion won) raised in January last year. The fund received capital commitments from new and existing limited partners (LPs) including Korea’s National Pension Service (NPS).
Through the investment, the Korean buyout firm will secure a 41.9 per cent stake of Star Vision, which also includes an option to obtain a controlling stake in the future.
Established in 2012, Star Vision sells coloured contact lenses under the brand name O-Lens. It operates more than 280 stores across the nation. In 2014, the firm also launched a sun glass brand CARIN that sells at more than 390 outlets, including its own showrooms, department stores and duty-free shops.
VIG Partners, which was set up in 2005, invests in small and medium-sized enterprises across a range of industries such as financial services, consumer goods, online and mobile commerce, and household appliances. Since inception, it has invested in 17 portfolio companies through its three vehicles &#8211; Fund I, II, III.
Recently, the PE firm said it would pay 74 billion won ($69.14 million) for an 83.1 per cent stake in local fine food materials distributor Winplus.
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South Korean private equity (PE) firm VIG Partners will invest $128.5 million, including $30.8 million of convertible shares in Star Vision.

S Korea's VIG Partners invests $129m in contact lens maker Star Vision

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S Korea's VIG Partners invests $129m in contact lens maker Star Vision

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