Monroe Backs Buy of Robert Marc Eyewear
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Monroe Backs Buy of Robert Marc Eyewear

monroe nf4Monroe Capital was the sole lead arranger and administrative agent on a $47 million unitranche financing to support the acquisition of Robert Marc Eyewear by Luxury Optical Holdings, a portfolio company of aPriori Capital and Goode Capital Partners.

Robert Marc Eyewear has distribution in more than 20 countries with 500 points of sale worldwide.  The company operates eight Robert Marc retail stores in New York City, and is the exclusive North American distributor for Lunor, a prestigious German luxury eyewear brand. (www.robertmarc.com).

Luxury Optical Holdings (LOH) is a retailer of luxury eyewear with specialty boutiques in markets across the United States. LOH’s retail concepts include Optica, Scene, Morgenthal Frederics, Devante and AuCourant.  LOH boutiques offer optical frames and sunglasses from several luxury brands in eyewear including Cartier, Chrome Hearts, Morgenthal Frederics, Prada, Gucci, Dior and other designer brands. The company is based in Las Vegas (www.loholdings.com).

With the acquisition of Robert Marc, LOH will operate 58 retail stores throughout the United States and its brands will have distribution in more than 20 countries throughout the world.

aPriori Capital invests between $20 million and $200 million in companies with enterprise values between $200 million and $2 billion.  Sectors of interest include energy, industrials, media, healthcare, financials, utilities, and telecommunications. The firm was formed in 1985 as DLJ Merchant Banking Partners and changed its name to aPriori Capital Partners in 2014 when it spun out as an independent firm from Credit Suisse. aPriori is headed by former DLJ Merchant Banking co-heads Colin Taylor and Susan Schnabel and is based in New York with additional offices in Los Angeles and London (no website found).

Goode Capital Partners invests from $10 million to $30 million of equity in consumer-oriented companies. The firm has a specific interest in consumer brands and services, retail, restaurants and direct marketing/selling.  Goode Capital Partners is based in New York (www.goodepartners.com).

Monroe Capital is a specialty finance company providing senior and junior debt and equity co-investments to middle-market companies.  The firm was founded in 2004 and maintains offices in Chicago, Atlanta, Boston, Charlotte, Dallas, Los Angeles, New York and San Francisco (www.monroecap.com).

2014 PEPD • Private Equity’s Leading News Magazine • 9-16-14

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