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Sponsor:Opticalia Global Holding S.A.
Line of business: Purchase, sale, marketing and distribution of eyewear articles and sunglasses
Product: Joint venture loan
Total investment: €1.6m
COFIDES came to a financing agreement with OPTICALIA to support their commercial deployment in Colombia. By way of a joint venture loan structured through the Fund for SME Foreign Investment Operations (FONPYME) and COFIDES own resources. With this loan Opticalia will cover their commercial deployment costs for the development of the project. Opticalia Colombia was established in January 2015 and is associated with over 100 opticians with wide acceptance in the country.
Opticalia is involved in the purchase, sale, marketing and distribution of eyewear articles and sunglasses. Its business model is based on the association of Optical professionals and selling exclusive brands. Opticalia has a variety of products that complement their position in the sector through massive advertising campaigns for exclusive fashion brands, setting them apart from their competitors.
The company has about 600 outlets in Spain, 200 in Portugal and 100 in Colombia and has the exclusive rights to commercialise optical products for major Spanish brands.