VSP Vision has announced an agreement to acquire Marcolin, a renowned Italian eyewear company, from PAI Partners and other minority shareholders. This acquisition represents a significant strategic investment by VSP Vision, underscoring its long-term commitment to expanding its presence in the global eyewear market.
Marcolin, founded in 1961 in the Veneto region of Northern Italy, has grown into one of the most influential players in eyewear design, manufacturing, and distribution. With a presence in more than 125 countries, the company has built a diverse and prestigious brand portfolio that includes names like Tom Ford, Zegna, Christian Louboutin, ic! berlin, Max Mara, and Guess.
In the past several years, Marcolin has undergone a significant transformation under the ownership of PAI Partners, a leading European private equity firm. With PAI’s support, Marcolin expanded its international footprint, streamlined operations, and sharpened its commercial strategy. The company pursued targeted acquisitions, secured new licensing agreements, and renewed key brand partnerships, all of which contributed to its emergence as a dominant force in the wholesale eyewear space. Operational efficiency and brand diversification have been central to Marcolin’s success, positioning it as a valuable asset in a rapidly evolving industry.
For VSP Vision, the acquisition is a strategic alignment of values and capabilities. VSP Vision has long been focused on enhancing access to high-quality vision care and eyewear, and this move enables the organization to deepen its influence across the entire eyewear value chain.
The timing of the acquisition reflects broader trends in the vision care and fashion industries. Eyewear is increasingly viewed not only as a medical necessity but also as a personal style statement. Consumers are seeking products that combine functionality with design, and brands are responding by investing in materials, craftsmanship, and brand storytelling. Marcolin’s ability to navigate this intersection of health and fashion makes it an ideal partner for VSP Vision, which is committed to supporting both the clinical and lifestyle aspects of vision care.
The deal is expected to close in the fourth quarter of 2025, pending customary regulatory approvals.
Advisors/support: CapM Advisors acted as the exclusive financial advisor, and Latham & Watkins acted as the legal advisor to the shareholders of Marcolin. Kirkland & Ellis and Chiomenti acted as legal advisors to VSP.
KEY QUOTES:
“The addition of Marcolin is another example of our commitment to purposeful growth that will provide greater value for VSP members, clients, doctors, and key customers. With a portfolio of some of the world’s most sought-after brands and advanced in-house manufacturing capabilities, Marcolin will strongly complement our existing offerings through Marchon Eyewear as we continue to deliver high-quality eyewear that meets diverse and evolving global customer needs.”
Michael Guyette, President and CEO of VSP Vision
“With a shared passion for bringing the highest quality eyewear to as many people as possible, joining VSP Vision is a perfect fit. We look forward to combining our expertise, focus on craftsmanship, commitment to product innovation and complementary portfolios and geographic presence to give customers the very best in eyewear and service.”
Fabrizio Curci, CEO & General Manager of Marcolin
“We are delighted to have backed Marcolin’s transformation into a world leader in the wholesale eyewear business. We are grateful to the management team for their partnership and are confident that Marcolin is well positioned to continue thriving in the years ahead, with plenty of runway for growth and a portfolio of iconic brands.”
Raffaele Vitale, Partner at PAI
