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  6. Monarch Alternative Capital Acquires Shopko Optical

M&A Deal Summary

Monarch Alternative Capital Acquires Shopko Optical

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2019-05-16
Target Shopko Optical
Sector Retail
Buyer(s) Monarch Alternative Capital
Sellers(s) Shopko
Deal Type Divestiture

Target

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(S) 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 STATS #
Overall 2 of 2
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 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(S) 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 STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 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.

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