Divestiture • Retail

Monarch Alternative Capital Acquires Shopko Optical

On May 16, 2019, distressed investor Monarch Alternative Capital acquired retailer Shopko Optical from Shopko

Acquisition Context
  • This is Monarch Alternative Capital’s 1st transaction in the Retail sector.
  • This is Monarch Alternative Capital’s 2nd transaction in the United States.
  • This is Monarch Alternative Capital’s 1st transaction in Wisconsin.
Investment Fate
  • Shopko Optical was sold to a strategic buyer in 2024.

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M&A Deal Summary

Date May 16, 2019
Target Shopko Optical
Sector Retail
Buyer(s) Monarch Alternative Capital
Sellers(s) Shopko
Deal Type Divestiture

Target Company

Shopko Optical

Green Bay, Wisconsin, United States
Shopko Optical is a provider of excellent patient-centric care and high-quality eyewear through its dedicated team of optometrists and opticians. Shopko Optical was founded in 2019 and is based in Green Bay, Wisconsin.
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Buyer Overview 1

Buyer

Monarch Alternative Capital

Investor Investor Investor Investor Investor


Category Distressed Investor
Founded 2002
PE ASSETS 15.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monarch Alternative Capital is a distress debt investment firm. The Firm is an opportunistic investor, willing to pursue a variety of investments across different sized capital structures, geographies and industries. Monarch Alternative Capital was formed in 2002 and is headquartered in New York City.


Deal Context for Buyer #
Overall 2 of 2
Sector: Retail 1 of 1
Type: Divestiture 1 of 1
State: Wisconsin 1 of 1
Country: United States 2 of 2
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-11 Arch

St. Louis, Missouri, United States

Arch is a coal producer and marketer. Its core business is supplying cleaner-burning, low-sulfur thermal and metallurgical coal to power generators and steel manufacturers on five continents. Arch was founded in 1969 and is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-10 Shopko Optical

Green Bay, Wisconsin, United States

Shopko Optical is a provider of excellent patient-centric care and high-quality eyewear through its dedicated team of optometrists and opticians. Shopko Optical was founded in 2019 and is based in Green Bay, Wisconsin.

Sell -

Seller Profile 1

SELLER

Shopko

Green Bay, Wisconsin, United States

Category Company
Founded 1962
Sector Retail
DESCRIPTION
Shopko retail store in Duluth, Minnesota.
Shopko retail store in Duluth, Minnesota.

Shopko was a chain of retail stores include 137 namesake stores providing name-brand merchandise, pharmacy, and optical services in mid-sized to larger cities, 218 Pamida stores, 116 of which contain pharmacies and three ShopKo Express Rx stores, a new neighborhood drugstore concept.


Deal Context for Seller #
Overall 1 of 1
Sector: Retail 1 of 1
Type: Divestiture 1 of 1
State: Wisconsin 1 of 1
Country: United States 1 of 1
Year: 2019 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-03 Waupaca Woods Pharmacy

Waupaca, Wisconsin, United States

Waupaca Woods Pharmacy, Inc. owned and operated two locally-owned Health Mart retail pharmacies, Waupaca Woods Pharmacy and Riverside Clinic Pharmacy.

Buy -