Óticas Carol, a Brazilian eyewear retailer, has received a R$108m (approximately £36.4m) equity investment.
The seller is the Brazilian entrepreneur Marcos Amaro.
As a result of the deal, which is expected to close by the end of March, OC CEO Ronaldo Pereira will increase his equity stake in the company.
The investment will support the company’s management team’s plan to expand its store network throughout Brazil.
Established in 1997, OC sells a broad range of prescription glasses, sunglasses and related eyewear accessories. The OC retail network is comprised of 490 stores across 19 states in 235 cities, including São Paulo and Rio de Janeiro.