Thursday, December 12, 2013

National Vision--Princess of the Ball in a Potentially $1 B Auction

"KKR & Co LP and Carlyle Group LP are competing for National Vision Inc, the fourth-largest U.S. retailer of eyeglasses and contact lenses, in an auction that could fetch up to $1 billion, people familiar with the matter said this week," reports Reuters. "The two private equity firms are among those making it past the first round of an auction for National Vision, the people said. Meetings with the company's management are currently under way, before solicitation of final offers, they added. The Lawrenceville, Georgia-based company, which is owned by private equity firm Berkshire Partners LLC, is working with Barclays Plc on the sale process, people familiar with the matter have previously told Reuters." Read more.

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