Monroe Capital, the Chicago-based lender and BDC, has closed on a $47 million unitranche financing to support the acquisition of Robert Marc Eyewear by Luxury Optical Holdings. The acquisition is supported by private equity sponsors aPriori Capital and Goode Capital, Monroe announced today.
Based in Las Vegas, Nevada, Luxury Optical Holdings is a retailer of luxury eyewear with specialty boutiques in key markets across the US. The company’s main retail concepts include Optica, Scene, Morgenthal Frederics, Devante and AuCourant. Robert Marc Eyewear currently has distribution in about 20 countries with 500 points of sale worldwide. It 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. With the acquisition of Robert Marc, Luxury Optical Holdings will operate 58 retail stores throughout North America and its brands will have distribution in over 20 countries throughout the world.
Monroe is a provider of senior and junior debt and equity co-investments to mid-market companies in the US. and Canada. Its investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments.