Carlyle vie for optical cheap Canada Goose retailer National cheap Canada Goose Jackets Vision
retailer of eyeglasses and contact lenses, in an auction that could fetch up to $1 billion, people familiar canada goose coats with the matter https://www.topcanadagoose.ca said this week.
A general view of the lobby outside of the canada goose outlet toronto factory Carlyle 2018 canada goose outlet Group offices in Washington, May 3, 2012. REUTERS/Jonathan Ernst
The two private canada goose clearance equity firms are among those making it past the first round buy canada goose jacket of an auction for National Vision, the people said. Meetings with the canada goose company management are currently under way, before solicitation Canada Goose Coats On Sale of final offers, they added.
Berkshire Partners, KKR Canada Goose sale and Carlyle declined to comment, while National Vision did not respond to a buy canada goose jacket cheap request for comment.
National Vision, Canada Goose online which focuses on low Canada Goose Parka cost glasses and contacts, operates more canada goose black friday sale than 700 retail locations in 43 states under chains that include America Best Canada Goose Online Contacts Eyeglasses and Eyeglass World.
Last year National Vision extended for five years a partnership with Canada Goose Outlet Wal Mart that allows it to manage 227 stores within Wal Mart, according to canada goose coats on sale Standard Poor Rating Services canada goose replica Inc. The company employs more than 6,000 people, according to its website.
Berkshire Partners took canada goose deals National Vision private in 2005 in a $190 million deal that was funded with $153 canadian goose jacket million in debt and included the simultaneous acquisition, for $88 million, of Consolidated Vision Group Inc, an optical chain that was backed by private equity firm Kelso Co.
The buyout firm canada goose store has more than recouped its canada goose clearance sale original 2005 investment in the company, even before Canada Goose Jackets any sale.
This is because National canada goose outlet store locations Vision last year carried out a dividend recapitalization, borrowing $300 million to fund a $117 million dividend, according to Moody Investors Service Inc. That followed an $88 million dividend two years earlier funded through more debt, according to Thomson Reuters Loan Pricing Corp.
Boston based Berkshire Partners, which raised its latest $4.5 billion fund in 2011, has invested in several other retail companies, including women apparel chain Aritzia and jeans maker Citizens of Humanity.