VSP Vision announced it has entered into a definitive agreement to acquire Marcolin from PAI Partners, a pre-eminent private equity firm, and other minority shareholders. The acquisition of Marcolin will mark a significant eyewear investment by VSP Vision to provide even more value to its stakeholders.
“The addition of Marcolin is another example of our commitment to purposeful growth that will provide greater value for VSP members, clients, doctors, and key customers,” said Michael Guyette, President and CEO of VSP Vision. “With a portfolio of some of the world’s most sought-after brands and advanced in-house manufacturing capabilities, Marcolin will strongly complement our existing offerings through Marchon Eyewear as we continue to deliver high-quality eyewear that meets diverse and evolving global customer needs.”
A global leader operating in 125 countries
Founded in Northern Italy in 1961, Marcolin today distributes its eyewear collections in more than 125 countries. Its portfolio of luxury and lifestyle brands includes Tom Ford, Zegna, Christian Louboutin, ic! berlin, Max Mara, Guess, and many others.
“With a shared passion for bringing the highest quality eyewear to as many people as possible, joining VSP Vision is a perfect fit,” said Fabrizio Curci, CEO & General Manager of Marcolin. “We look forward to combining our expertise, focus on craftsmanship, commitment to product innovation and complementary portfolios and geographic presence to give customers the very best in eyewear and service.”
With the backing of PAI, Marcolin broadened its international reach and enhanced operational efficiency, establishing itself as a leading player in the wholesale eyewear market. Under PAI’s ownership, Marcolin’s performance has advanced significantly, supported by a strong focus on commercial excellence, a strategic corporate reorganization, and the expansion of its brand portfolio through targeted acquisitions, new licensing agreements and key renewals.
“We are delighted to have backed Marcolin’s transformation into a world leader in the wholesale eyewear business”, said Raffaele Vitale, Partner at PAI. “We are grateful to the management team for their partnership and are confident that Marcolin is well positioned to continue thriving in the years ahead, with plenty of runway for growth and a portfolio of iconic brands.”
CapM Advisors acted as the exclusive financial advisor, and Latham & Watkins acted as the legal advisor to the shareholders of Marcolin. Kirkland & Ellis LLP and Chiomenti acted as legal advisors to VSP.
