Monday, September 15, 2014

Luxury Optical Acquires Robert Marc Eyewear Brand

"Luxury Optical Holdings Co. has acquired the Robert Marc eyewear brand for an undisclosed amount," according to WWD. "Robert Marc has eight stores in New York City and a wholesale global business in 20 countries, with 500 points of distribution. Founder Robert Marc will join LOH as chief creative officer. LOH is owned by aPriori Capital Partners and Goode Partners. Ron Beegle, an LOH director and a Goode cofounder and operating partner, said, 'Combining the two companies creates a formidable player in the luxury segment of the optical industry.' LOH already owns the Morgenthal Frederics brand, and, with Robert Marc now under its umbrella, the 'transaction gives LOH additional market exposure. Robert Marc brings wholesale and distribution expertise to LOH,' said Paul Altman, a managing director at The Sage Group, which was the financial adviser to Robert Marc." Read more.

According to a press release appearing on Yahoo! Finance, Monroe Capital LLC  acted as sole lead arranger and administrative agent on a $47 million unitranche financing to support the acquisition of Robert Marc Eyewear by Luxury Optical Holdings. The acquisition is supported by private equity sponsors aPriori Capital and Goode Capital Partners.

1 comment:

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