Valiant Asset Management Limited Makes USD 100 Million Hybrid Capital Investment in House of Modo S.a r.l.
- valiantam
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Valiant and partners acquire a minority stake in House of Modo via USD 100 million hybrid capital investment
House of Modo is a leading eyewear company with unique positioning into strategic American and European distributors
The eyewear market is estimated above USD 150 billion in size
Valiant Asset Management is an alternative credit manager focused on the Western European corporate middle market
London / Luxembourg, October 15th, 2025 — Valiant Asset Management Limited, an alternative credit manager focused on the Western European corporate middle market, today announced that Valiant and partners have acquired a minority stake in House of Modo (“Modo”), a leading designer, manufacturer and distributor of premium eyewear, via a USD 100 million hybrid capital investment.
The deal features are designed to support strategic priorities set by Alessandro Lanaro, CEO and Founder of Modo, and top management, while offering Valiant’s funds and its co-investors substantial growth potential and defensive investment characteristics in a large and growing industry.
The global eyewear market is estimated above USD 150 billion in size and is expected to expand significantly over the long term, benefitting from tailwinds such as an aging population and eye strain from increased screen time as well as large distribution channels meeting clients’ needs, creating an attractive space for investment.
This transaction demonstrates Valiant’s ability to empower successful entrepreneurs and growing, globally positioned, middle-market companies across Europe with bespoke, flexible and timely capital solutions, aimed at creating long-term partnerships and accelerating profitable growth. For Modo, today represents a key milestone in its journey from a pioneering start-up into one of the most respected and established independent eyewear companies worldwide.
Founded in 1990, Modo has built a global business with a reputation for minimalist design, technical innovation, and sustainability. Its flagship Modo, Eco and Italia Independent collections are distributed in more than 80 countries, and the company has earned recognition for both design excellence and sustainability leadership, via pioneering environmental and social initiatives.
The company will continue to operate under its current leadership team.
“Valiant’s investment is a strong endorsement of the company we have built over the past three decades. With Valiant, its co-investors and their operating partners’ support, we are extremely well positioned to continue our mission of combining design, innovation, and sustainability to shape the future of eyewear,” said Alessandro Lanaro, Founder and CEO of Modo.
Sandro Patti, Founder and CIO of Valiant Asset Management, added:
“We are excited to partner up with Alessandro and his management team to support and accelerate the next phase of Modo’s growth. Modo combines design leadership, supply-chain and technology excellence, sustainability and an impressive track record — exactly the qualities we look for in our investments. Valiant’s key focus lies on backing strong middle market businesses via tailor-made capital solutions. We are proud that our proprietary network of operating advisors helped us source and structure this deal, and we feel humbled by the calibre of institutions and families who opted to co-invest alongside our Valiant funds.”
Advisors
Modo was advised by Jefferies LLC as exclusive financial advisor and Orrick, Herrington & Sutcliffe LLP on legal matters.
Valiant Asset Management was advised by Pasi & Co as financial advisor
Latham & Watkins LLP, Arendt & Medernach, and Cazzani Studio Legale advising on legal matters.
KPMG provided FDD and tax structuring advice.
Dechert LLP provided advice on fund structuring.
About Valiant Asset Management Limited
Valiant Asset Management is an alternative credit investment firm focused on the Western European corporate middle market. Through its team’s deep understanding of companies and underlying assets, and over 40 years of cumulative investment experience in Western European corporate credit, Valiant Asset Management aims to generate equity-like returns with senior credit type downside protections. In addition to privately structed deals such as Modo, Valiant’s open ended funds have achieved a top-quartile track record to date.
Media Contact:
Benjamin Rampton
+447345450808
About House of Modo
Modo is a New York–based designer and manufacturer of premium eyewear with global distribution across more than 80 countries and offices in New York, Milan and Stockholm. The company is recognized for its award-winning design, lightweight innovation, sustainability leadership and social impact. Through its environmental and social initiatives, House of Modo has planted approximately four million trees and provided vision screening and treatment to more than two million children in need.
Media Contacts:
Milan Office: Caterina Ghezzi cghezzi@modo.com
New York Office: Rosie Mueller rosie.mueller@modo.com