M&A Deal Summary

VSP Vision Acquires Marcolin

On September 5, 2025, VSP Vision acquired retailer Marcolin from PAI Partners

Acquisition Highlights
  • This is VSP Vision’s 2nd transaction in the Retail sector.
  • This is VSP Vision’s 1st transaction in Spain.

M&A Deal Summary

Date 2025-09-05
Target Marcolin
Sector Retail
Buyer(s) VSP Vision
Sellers(s) PAI Partners
Deal Type Add-on Acquisition
Advisor(s) CapM Advisors (Financial)
Latham & Watkins (Legal)

Target

Marcolin

Longarone, Spain
Marcolin is a provider in the branded eyewear sector with a portfolio comprising 16 market-leading brands and a distribution network spanning more than 80 countries. Marcolin was founded in 1961 and is based in Longarone, Spain.

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Buyer(S) 1

Buyer

VSP Vision

Rancho Cordova, California, United States

Category Company
Sector Consumer Services
DESCRIPTION

VSP Vision is a health-focused vision care company that empowers human potential through sight. The company's complementary businesses include VSP Vision Care, Marchon Eyewear, Inc., Visionworks, Eyefinity, Eyeconic, VSP Optics, and VSP Ventures. VSP Vision is based in Rancho Cordova, California.


DEAL STATS #
Overall 3 of 3
Sector: Retail M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
Country: Spain M&A 1 of 1
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-09 Eyemart Express

Farmers Branch, Texas, United States

Eyemart Express is an independent, value-focused optical retailer with over 150 stores in more than 30 states. The company provides a broad selection of high-quality private label and branded frames with convenient one-hour service in all locations. Eyemart Express was formed in 1990 and is based in Farmers Branch, Texas.

Buy -

Seller(S) 1

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 52 of 52
Sector: Retail M&A 3 of 3
Type: Add-on Acquisition M&A Deals 19 of 19
Country: Spain M&A 3 of 3
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-09 Alvest

Paris, France

Alvest designs, manufactures, and distributes technical products for the aviation industry, which include aviation ground support equipment, spare parts and services, and technical adhesives and markings for the aerospace and industrial markets. Alvest was founded in 2006 and is based in Paris, France.

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