VSP Vision acquires Marcolin from PAI Partners: a strategic deal that strengthens its global eyewear portfolio.
VSP Vision™ announced the signing of a definitive agreement to acquire Marcolin from PAI Partners, a leading private equity firm, and other minority shareholders. The acquisition of Marcolin, one of the world’s leading eyewear companies, represents a significant investment in the sector by VSP Vision, enabling the company to deliver even greater value to its stakeholders.
“The acquisition of Marcolin is another example of our commitment to targeted growth that will deliver greater value to VSP’s members, clients, doctors, and key users,” said Michael Guyette, President and CEO of VSP Vision.
“With a portfolio that includes some of the world’s most admired brands and advanced in-house manufacturing processes, Marcolin will significantly expand our existing offering, distributed through the Marchon Eyewear brand, and allow us to continue providing top-quality eyewear that meets the diverse needs of a growing global customer base.”
Founded in the heart of Italy’s Veneto eyewear district in 1961, Marcolin now distributes its eyewear collections in over 125 countries. Its portfolio of luxury and lifestyle brands includes Tom Ford, Zegna, Christian Louboutin, ic! berlin, Max Mara, Guess, and many more.
“We share the same passion and the drive to offer the highest quality products to the widest possible audience. Joining VSP Vision is the ideal step in our journey of success,” said Fabrizio Curci, CEO and General Manager of Marcolin.“We want to combine our expertise, enhance craftsmanship, continue developing innovative products and complementary portfolios, and strengthen our geographical presence, with the goal of offering our customers only the best in terms of products and service.”
With PAI’s support, Marcolin has expanded its international footprint and improved operational efficiency, becoming one of the leading players in the eyewear segment.
Since being acquired by PAI, Marcolin has significantly improved its performance, driven by a strong commercial focus, a strategic corporate reorganization, and the expansion of its brand portfolio through targeted acquisitions, new licensing agreements, and renewals in key segments.
“We are pleased to have supported Marcolin’s transformation into one of the global leaders in the eyewear sector,” said Raffaele Vitale, Partner at PAI. “We are grateful to the management team for the successful collaboration and are confident that Marcolin is well-positioned to continue thriving in the years ahead, with ample growth opportunities and a portfolio of exclusive, iconic brands.”
CapM Advisors acted as exclusive financial advisor to Marcolin’s shareholders, while Latham & Watkins served as legal advisor to Marcolin’s shareholders.
Kirkland & Ellis LLP and Chiomenti acted as legal advisors to VSP.
The transaction is expected to close in the fourth quarter of 2025, subject to customary regulatory approvals.